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
- Forums
- ASX - By Stock
- M4M
- M4M
M4M, page-130
-
-
- There are more pages in this discussion • 378 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add M4M (ASX) to my watchlist
(20min delay)
|
|||||
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($) | Vol. | No. |
---|---|---|
4.0¢ | 1075373 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 90000 | 0.039 |
3 | 525261 | 0.038 |
7 | 347944 | 0.037 |
5 | 1421727 | 0.036 |
8 | 1050793 | 0.035 |
Price($) | Vol. | No. |
---|---|---|
0.040 | 190947 | 2 |
0.041 | 617205 | 6 |
0.042 | 1645452 | 9 |
0.043 | 1314653 | 7 |
0.044 | 700213 | 6 |
Last trade - 10.15am 02/07/2024 (20 minute delay) ? |
Featured News
M4M (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online