I wasn't overly fond of Mount Gibson Iron (OTC:MTGRF) back in January of this year,
as I wasn't enamored of the company's production outlook, its corporate
governance, or the need to redeploy cash on the balance sheet to
improve its mining assets. The shares have underperformed Fortescue Metals (OTCQX:FSUGY)
since then (by around 10%), and while I do think Mount Gibson could
better withstand further weakness in iron ore prices (and deploy its
capital to add reserves/resources), I'm not as bullish on the shares.
Follow this link to the full article:
Mount Gibson Iron Still Needs To Buy Its Future
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