MGT magnetite mines limited.
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MGT share price, page-10590

  1. Franciscus
    1,733 Posts.
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    16/02/22
    17:06
    Post #: 59616362
    $600M in capex for a project of this size/potential is absolutely nothing. I work at ONE of the SIXTEEN iron ore mines owned by ONE of the major iron ore players in WA, the budgeted Opex (not Capex, but still) for this single mine in 2022 is almost $500M. This just goes to show the kind of money that is happily spent willy-nilly on simply operating significant iron ore mines. Anyone concerned by a $600M capex startup needs to take a chill pill and/or re-evaluate their investment strategy.
    MGT Price at posting: 3.6¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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8.7¢ 		Change
0.003(3.57%) 		Mkt cap ! $10.66M
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8.7¢ 8.7¢ 8.7¢ $3.654K 42K

Buyers (Bids)

No. Vol. Price($)
1 3798 8.7¢
 

Sellers (Offers)

Price($) Vol. No.
9.0¢ 206026 2
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