M4M 0.00% 3.2¢ macro metals limited

M4M, page-130

  1. 1,423 Posts.
    lightbulb Created with Sketch. 617
    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
 
watchlist Created with Sketch. Add M4M (ASX) to my watchlist
(20min delay)
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
Last trade - 15.57pm 25/07/2024 (20 minute delay) ?
M4M (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.