IO Was $12 only 10 years ago, i'm not sure what their costs were back then but i'd imagine they were similiar, if anything costs have probably lowered with scale, so I don't really understand it either how it was so low only a short time ago.. if break even is $40? Thanks for the info plough on yearly contract price vs. sold now, not really sure if its a good or bad thing though? MGX was one of my first mining shares too I think around 2005 I have bought and sold them a few times over the years now and always made a good profit off them, hopefully can keep that going.
Back then iron was not sold spot , it was sold on a yearly contract price determined by BHP Brazil and RIO
IO Was $12 only 10 years ago, i'm not sure what their costs were...
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Last
30.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 30.5¢ | 30.5¢ | $36.72K | 120.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 191145 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 346199 | 10 |
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| Last trade - 10.07am 02/12/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
