I remember when I first bought into MGX back in 2009 during the GFC. Back then they had a mine life of less than 10 years from memory, and here we are 8 years later and they now have a remaining mine life of 5 years. So I think they have done a good job of maximising their reserve/resource over the journey. The difference between then and now though is they almost hit the wall due to the GFC related issues but now they have a big pile of cash sitting their waiting for the right opportunity. 5 years might not sound like much but my bet is it will end up being more than that and so they have time to find the right investment.
Cheers, Sharks
I remember when I first bought into MGX back in 2009 during the...
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Last
30.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.5¢ | 29.5¢ | $237.0K | 789.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 195619 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 195225 | 4 |
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| Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
