Australia's Mount Gibson Iron (OTC:MTGRF) (MGX.AX) offers investors a curious twist on the prevailing story among junior miners today. Instead of being a mining company with an attractive portfolio of prospective mining assets but insufficient capital and liquidity, Mount Gibson is long on capital and cash but short on mining properties. The extent to which Mount Gibson can add economical reserves at its existing facilities and/or deploy its cash to acquire shovel-ready projects has everything to do with the value of these shares.
I have some concerns about Mount Gibson, and it's not my first pick in the mining sector. I do believe the shares are a little undervalued today, and I do acknowledge the potential of the...
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