Value Opportunity, page-48

Personal I think MGX should take out SFX -- located in the same state....

best undeveloped mineral sands projects globally. It is well located in WA, which means low
sovereign risk (most other large new mineral sands projects are in Africa),
with a very long mine life, well located to port and with a large proportion of
high value products (zircon and leucoxene) as well as significant volumes of
high quality ilmenite, which means it could be strategically important.

http://www.sheffieldresources.com.au...ysResearchNote

Would think it could be done for $50-70mill + MGX scrip 1:1 .....then the bulk of pre-production CAPEX could be funded by MGX say 200-300mill with some short term debt to be paid back within year a two ,,,,,

Then going forward MGX would have $170-250mill EBITDA income for good few years (SFX mineral sands project life 40yrs+!!)

Huge spare funds to continue to grow high grade I.O operations ...maybe tag on some other base metals to complement the Bulk resources operations


And one would think with earnings minelife MGX outlook etc would command min P/E-15 Mrktcap- 3bill ($1.3bili total shares)

==== $2.30ps target minus cash backing (5% divi would soak up 150mill pa etc 50-100mill+pa for exploration?buybacks etc ) >>>>>>