You can't compare grange to mgt. Mgt is miles away from production. Grange has been producing iron ore for 50 years. Grange has average grades of 30 +, with some grades 40+. Mgt is only 15%. Mgt mining is pretty easy. Grange is mining a hill, bit harder. Grange has offtakes, mgt has none. Grange is majority owned by Chinese. Mgt is owned by retail.
you can't compare.
on another note, I can't believe the price movement, should have being going to under 2 cents, instead we see a rally towards 3 cent. Thats the stock market, one minute down and out, the next minute a darling
MGT share price, page-10032
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Last
18.5¢ |
Change
0.005(2.78%) |
Mkt cap ! $21.33M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.5¢ | 17.5¢ | $14.97K | 83.40K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 90014 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 30666 | 2 |
View Market Depth
| Last trade - 15.42pm 04/10/2024 (20 minute delay) ? |
| MGT (ASX) Chart |