MGT 2.86% 17.0¢ magnetite mines limited.

MGT share price, page-4917

  1. 3,703 Posts.
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    @BullishTrends

    Have to confess I've reduced my holdings somewhat over the last few days as I just cannot accept a $200m+ market cap as being realistic for this company which now has almost 3 Billion shares on issue.

    Our market cap is up from circa $3 to $5m less than 12 months ago with not much real news .... no matter how you look at it ..... together with the constant "promotion" we have received from a number of posters on here.....

    I like everyone else is waiting on the PFS to see where we will be at after its release ....... it will be interesting to see what tonnage we are working on, the suggested operating costs, long term iron ore price used in the feasibility and an accurate estimate of the amount of capital required to get this off asset off the ground .... maybe $500m to $1 Billion who knows ?

    Trying to be realistic ..... many may not agree .... each to his own.



 
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