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
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($) | Vol. | No. |
---|---|---|
41.5¢ | 58325 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 42537 | 0.410 |
3 | 72640 | 0.405 |
8 | 254993 | 0.400 |
20 | 400111 | 0.395 |
12 | 803500 | 0.390 |
Price($) | Vol. | No. |
---|---|---|
0.415 | 58325 | 3 |
0.420 | 296510 | 11 |
0.425 | 126000 | 5 |
0.430 | 100385 | 7 |
0.435 | 112486 | 5 |
Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
Featured News
MGX (ASX) Chart |