MGT magnetite mines limited.
Add to My Watchlist 5.81% ! 8.1¢

Ann: Renounceable Rights Issue to raise up to $15.8M, page-183

  1. frog12
    61 Posts.
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    22/04/22
    17:26
    Post #: 60975949
    MGT had the markets attention when pushing 10cents before PFS. $300m market cap or more. Someone set some unrealistic expectations for the pfs for the price to reach those levels.

    then the MGT PFS dropped the truth. Which is it needs long term $120+ base iron ore price for a decent return. No one is forecasting that…….that may happen but there are a few projects in front in the queue on those metrics.




    MGT Price at posting: 3.1¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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8.1¢ 		Change
-0.005(5.81%) 		Mkt cap ! $9.827M
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8.7¢ 8.7¢ 8.1¢ $29.81K 358.2K

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1 123712 8.1¢
 

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Price($) Vol. No.
8.5¢ 20624 2
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