There are only a few commodities that have a projected deficit within the coming 2-3 years and onwards. If MGX was to pick up a good long life copper/gold project either operational or in the development stages the market would definitely re-rate MGX. I read an article a few days ago that indicated that the stressed miners (Glencore, Anglo etc) are putting everything up for sale bar the tier 1 copper projects. BHP & Rio's future strategies are for increased copper production to meet the expected deficit. The outlook for copper from 2018/19 is super bullish to say the least. The longer copper stays low and miners go under or cannot get finance for new projects the more bullish the outlook for copper.
There are only a few commodities that have a projected deficit...
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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 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
