MGX 1.23% 41.0¢ mount gibson iron limited

increased iron ore production, page-18

  1. 2,082 Posts.
    lightbulb Created with Sketch. 1651
    Measured figures can only be presented as such, after extensive close-space drilling and trench exposures. Indicated resources are still fairly specific, as they come from calculations within 25 metres of a drill hole and are supported by a minimum of two drill holes.

    Any doubts, go to page 10 of Portman Mining annual report released via ASX on 22/2/05. They had 9 mt of measured resources and Cleveland Cliffs are buying them out for $700 million.

    On the issue of PE of 5. All (or most)industrial companies and mining companies have gearing.

    Remember Westfarmers borrowing $600 million to pay their shareholders a special dividend of $2.50. Western Mining just borrowed to pay a dividend to improve (increase) their debt to equity ratio.

    WMR and other public companies say debt to equity ration should be about 40%.

    Factor MGX very lazy balance sheet into calculations when you consider forward PE's. MGX have about $25 million cash.
 
watchlist Created with Sketch. Add MGX (ASX) to my watchlist
(20min delay)
Last
41.0¢
Change
0.005(1.23%)
Mkt cap ! $498.1M
Open High Low Value Volume
40.0¢ 41.5¢ 40.0¢ $614.1K 1.514M

Buyers (Bids)

No. Vol. Price($)
5 42537 41.0¢
 

Sellers (Offers)

Price($) Vol. No.
41.5¢ 58325 3
View Market Depth
Last trade - 16.10pm 26/06/2024 (20 minute delay) ?
MGX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.