Tokyo IO in USD up to 56.09 or 74 Aus. With all in costs at 52...

Tokyo
IO in USD up to 56.09 or 74 Aus.
With all in costs at 52 AUD there is no doubt MGX is making money this quarter.
If these levels can hold , cash accumulation could be as high at 50-60 m over 12 months

Mgx is a very good value play at these levels and hard to see how one won't make money over 12 months .
Not only is cash not eroding but is is growing.
Many levers for a rerate IMO. I am very happy to have built a good position and bought more yesterday at 20.5 and the day before at 20. We just need to sit and wait , even though I think the wait won't me long for a move to the mid to high 20s