Exactly. And sub $80 iron ore will follow. No one will be jumping in to fund this project this year. Decision to mine might be a "pause and wait for the recession to ease" result.
This is looking like a late 2023 play. Too many dark clouds on the horizon. And consolidation is the elephant in the room.
i predict first shipment won't be until 2027. If it ever happens. Yes thats another delay, but what's another few years when it's already been 15.
sure does feel like mgt4eva!
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Last
30.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $30.02M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 30.5¢ | 29.5¢ | $33.55K | 111.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19957 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 67224 | 2 |
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| Last trade - 13.08pm 11/07/2024 (20 minute delay) ? |
| MGT (ASX) Chart |