It can comfortably go to $200mill MC on the existing resource alone
Should be $1B MC already imo better sooner rather than later otherwise they’ll become a cheap TO target if they’re not one already
The constant buying is coming from brokerages & I know these guys are targeting more that 10X returns imo
When FMG was starting out with @ $1B MC on 500mill tons @ 38% Fe & IO was only $65/t and they had no way of getting it out of the Pilbara, no access to road or rail
Can’t be f*ed explaining it to the HC “expert” down rampers but M4M has nearly 300 mill clean tons of Fe ( 600mill T @ 42% ) 300mill tons @ $116/t = $34.8B
34 000 000 000 (looks better when I put the zeros behind the 34)
So you see this play doesn’t depend on drilling
Yes they’re going to drilling the African & WA tenements to increase the resources but a commercially more than viable resource is already there
NOT FINANCIAL ADVICE
DYOR
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Last
3.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $115.1M |
Open | High | Low | Value | Volume |
3.2¢ | 3.2¢ | 3.0¢ | $78.83K | 2.526M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 3.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.3¢ | 651529 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.031 |
9 | 5147878 | 0.030 |
4 | 826207 | 0.029 |
6 | 755912 | 0.028 |
3 | 457444 | 0.027 |
Price($) | Vol. | No. |
---|---|---|
0.033 | 651529 | 3 |
0.034 | 118568 | 2 |
0.035 | 376000 | 5 |
0.036 | 452822 | 3 |
0.037 | 320000 | 2 |
Last trade - 15.57pm 25/07/2024 (20 minute delay) ? |
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M4M (ASX) Chart |