Tokyo I think we need to put some trust in the company to buy...

Tokyo
I think we need to put some trust in the company to buy assets that have the potential to deliver real LT returns. The gold sector has ran hard due to sentiment and some companies have seen market caps double even though underlying profitability may only be up 10%

Even the oil price in AUD terms is only up about 15% from its bottom yet some oilers have put on 60-100%. Like with the gold market there was a few false dawns and with each came new lows.
I think MGX have the ability and maturity to do a good investigation of worthy assets and I would imagine a deal to be done within 6 months.
In this environment I sleep very well knowing the degree to which they are cash backed and the inherent safety that provides