M4M 2.63% 3.9¢ macro metals limited

M4M, page-130

  1. 1,421 Posts.
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    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
    Last edited by Bitcoinkid: 13/05/24
 
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Last
3.9¢
Change
0.001(2.63%)
Mkt cap ! $136.7M
Open High Low Value Volume
3.9¢ 4.0¢ 3.9¢ $19.16K 485.4K

Buyers (Bids)

No. Vol. Price($)
4 753832 3.8¢
 

Sellers (Offers)

Price($) Vol. No.
4.0¢ 1075373 5
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Last trade - 10.15am 02/07/2024 (20 minute delay) ?
M4M (ASX) Chart
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