Nobody owns me. Perhaps that comment reflects more about you than me?
You may take my commentary as downramping. I'm actually a big(ish) holder of MGX and have been from their very start. What I cant abide is the upramping that some in here practice. There is no place in HC for snake oil salesmen.
The likelihood of IOP sustaining anything over US$100/t is slim - and certainly not for Hamersley Blend/Mt Newman Fines type grades.
The likelihood of MGX exporting +65% Fe from KI is extremely slim. They will use the HG ore to upgrade their LG ores: there's more money in volume than grade when you are HG tonnage limited.
The likelihood of MGX attaining an SP of $1 is extremely slim (all else being equal - ie, not suddenly surprising us by acquiring a great project with their war chest.)
However:
The likelihood of MGX increasing its margin with the input of the HG KI IO is very good.
The likelihood of MGX's SP getting to +50c is also very good.
Next Mining Boom Coming, page-14
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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¢ | $170.6K | 567.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15031 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 211701 | 3 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
