Hi Joca I am familiar with both , I do believe ( and correct me...

Hi Joca
I am familiar with both , I do believe ( and correct me if I am wrong ) that GRR is break even at best with current IO pellet prices and further more they need to spend some capex over the medium term.
The other difference is MGX has an opportunity to diversify its commodities exposure away from the commodity that is considered to be less bullish by the investment community while still maintaining exposure to IO and moving to a bigger discount to cash. gRR doesn't have that luxury. For these reasons I think MGX provides a much better exposure to both IO recovery and not