Friday opinion time... Around this date in 2020 MGT shares could be purchased for around 0.02c. Prior to PFS (11 months later) the share price hit a high of 9.4c. (47 times higher). Here we are approximately 11 months away from the DFS's release and have a share price of 3.5c. I feel the PFS was possible to conservative and the DFS will indicate a much larger ore reserve (I'm betting around 3 billion tonnes). What will the share price be at DFS time?
If it was again 47 times higher we would have a share price of 164.5c... Gees that sounds good...
What are your predictions?
I'm thinking 18c. and a DFS stating around 3 billion tonnes ore reserve.
MGT share price, page-9007
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