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.
- Forums
- ASX - By Stock
- MGX
- increased iron ore production
increased iron ore production, page-18
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
HCH
Hot Chili sets up water company as drought racks Chile–but must also build communities a desal plant
RNU
Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some
Add MGX (ASX) to my watchlist
|
|||||
Last
43.0¢ |
Change
0.005(1.18%) |
Mkt cap ! $520.8M |
Open | High | Low | Value | Volume |
43.0¢ | 43.0¢ | 42.3¢ | $167.9K | 392.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 51479 | 43.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.5¢ | 94249 | 27 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 52494 | 0.430 |
8 | 622070 | 0.425 |
11 | 212160 | 0.420 |
8 | 94209 | 0.415 |
10 | 84139 | 0.410 |
Price($) | Vol. | No. |
---|---|---|
0.435 | 94249 | 27 |
0.440 | 127987 | 6 |
0.445 | 192489 | 7 |
0.450 | 319692 | 6 |
0.455 | 170039 | 6 |
Last trade - 14.27pm 11/07/2024 (20 minute delay) ? |
Featured News
MGX (ASX) Chart |