MGX -> 19 bid -> breakout?, page-111

If you can be bothered you can work it out to a very close level
Assume 3% interest in 345 m so around 11 m p.a.
Divided by 4 ( per quArter) 2.75m
Assume realised price of IO 60 aud for quarter to be conservative and costs of 52. ( costs likely to be lower first half due to KI production but again being conservative ) and prod of 1.2m t so around 8-9 m cash flow
Minus 2 m for things I have missed .

So I would expect cash to have increased by somewhere around 10m . As mentioned many times not only would have have increased by Rail liability shouldn't be around 17-18m so net asset value added for the quarter relative to 31 Dec somewhere around 18m-19m or around 1.8c per share

It is present to wait ,however for me given the two SP catalysts can happen any moment ( insurance payout and resource project acquisition ) I have opted to build my position .
I have one remaining order in the market at 20 that is partly filled for a few days back and that will be it. Happy to wait for SP catalyst knowing that as I wait , net asset value is increasing by 1.8 -1.9c per quarter

Mgx at present