The future of IO is on the high grade stuff as not only is it Cheaper to use but pollutes less and this is were China is heading , thus why we are seeing an ever growing price differential between the grades.
Initially I was not s fan of redeveloping KI but that is because I wasn't across the numbers , both costs but premium received for high grade.
The capex to develop( 90 odd million ) is insignificant relative to the production and margin profile but also relative to MGXs cash levels
The ore they will produce commands a big premium to 62% fines , and importantly the AISC are likely to be low 40s AUD. on current pricing that is a very large margin of almost 60 dollars AUD
I think when MGX release the feasibility on KI why 5.5-6 m , we are taking about a 270-300 cash flow on a 90 m dollar spend
Good time for MGX to Swallow AGO, page-2
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Last
30.5¢ |
Change
0.010(3.39%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 30.5¢ | 29.5¢ | $42.02K | 139.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 104867 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 355340 | 6 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
