MGX 3.39% 30.5¢ mount gibson iron limited

Hi all Sorry to bombard the thread with posts but I wanted to...

  1. 15,774 Posts.
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    Hi all
    Sorry to bombard the thread with posts but I wanted to provide actual numbers and the fact every month MGX produce IO, they are not only adding to cash but reducing rail liability.
    The Jan investor call had the MD state in June 15 the rail contract liability was 45 m and in Dec it was 26m. He went on to say it would extinguished later this calendar year. With a 16m reduction for 6 months , the liability would fall to 9 m in June and should go to zero by September.
    It's Imortant to note full site closure of Kooland ( worst case is 30m and EH 8 m ) therefore therefore it is clear that every month MGX produce profitably or even break even they add value of around 3m ( break even ) and somewhere between 8-12 on current spot.
    Ofcourse KI is not planned to be closed but rather he put on c and m with much lower costs
 
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