Hi folks One would assume that givnd the aUD IO price over the...

Hi folks
One would assume that givnd the aUD IO price over the last 2 months the March quarter will see another cash increase. Even if the average is 45-50 usd and the can mine iron hill , they would not only build cash but significantly reduce the Brookfield rail liability significantly . In fact even if they produced at break even and reduced the liability - that will still add 20m in value.

I simply hope that MGX acts wisely with the cash and either invests it in a meaningful project or returns some to SH , I think the former is likely to happen as management will want to look after their future also. Either way , positive cash flow , insurance payout or new venture are all catalysts for increase the SP as is a bid to take the whole thing over at a little above cash . It's a stock that at this levels provides a good chance for a 30-40% return with low risk . I bought a few more at 20.5 yesterday and today