MGX 3.28% 31.5¢ mount gibson iron limited

Want can we say about analysts assumptions Gold going sub 900...

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    Want can we say about analysts assumptions
    Gold going sub 900 U.S. - wrong
    Oil 200 wrong
    Oil 20 wrong
    Zinc 2 dollar per pound wrong
    Uranium 70 - wrong
    IO 30-40 .... Probably wrong again

    As you say 45-50 would be great medium term . A year of that will equal maybe 20-30m cash plus reduction of Brookfield rail liabiury by 20-25 m
    Mount Gibson is unlikely to produce beyond 2017 if IO stays low so chances of it incurring losses and depleting cash a very low.
 
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