KI Update, page-12

Alex
30 years ago I used to but a paddlepop for 20c and fish and chips for 40c. You need to consider inflation on all costs to extract IO , including labour , machinery , transport, fuel all of which costs a lot lot more today . The marginal cost of production from memory is around 50.
Now MGX has another advantage in that it produces in AUD and sells in USD so the current costs ( all in are around 50 ) and sale price closer to 80 net transport costs ) thus even after the IO price fall it still trades at an AUD level where MGX comfortably makes 50-60 million cash flow plus about 20m from interest so it's cash balance continues to increase and the current price represents good value with low risk . We are days away from the quarterly which will show I imagine a 25 margin ( at least ) on about 500-600k tonnes so cash will Jump by about 20m if not more

Ofcouree the recent drop of commodities once again opens up opportunities for MGX to diversify into other metals making it even safer