lol - I love it when people come on to suggest what a great TO target their little spec stock would be . Firstly MgX has plenty of resources - and high grade resources as well , they have a medium term resource In Iron Hill what would allow production to continue to about 2018 and they have KI which has another 5 years production at least after that
IO up 4% last night to a new year high
I am not sure people are across the recent sharp increase in lump premium over the last few weeks but this premium has gone from about 3.50 over fines USD to about 10.50 USd over fine s. MGX EH produces about 55% of lump meaning at present MGX would be realising about 4 dollars over fine after you minus moisture and impurities . I estimate a cash flow of over 10 m this quarter
under valued, page-100
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Last
31.5¢ |
Change
0.010(3.28%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.5¢ | 30.0¢ | $296.8K | 964.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 101000 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 242807 | 6 |
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| Last trade - 16.10pm 02/12/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
