MGX
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0.00% 33.5¢ mount gibson iron limited

profit

  1. wrongway
    1,950 Posts.
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    09/12/03
    15:54
    Post #: 324303
    mgx forecast a 12 million dollar profit based on 1.5 million tonnes pa and a .55 exchange rate on the 2002 iron ore price that translates to around 7.5to 7.8 million dollar profit at current .74 exchange rate plus whatever iron ore price increase they obtain ,around 6 to 8 percent forecast increase.but since the they have issued a lot of shares so i figure if they havnt got any hedging in place they will be making around 3.5 cents a share .wrongway
    MGX Price at posting: 0.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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33.5¢ 		Change
0.000(0.00%) 		Mkt cap ! $408.1M
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33.5¢ 33.8¢ 33.0¢ $475.3K 1.428M

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