TTY territory resources limited
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im in

  1. plough
    35,730 Posts.
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    25/06/08
    15:29
    Post #: 3907558
    I ended up buying on market at .81 just now just a small holding,could have bought yesterday at .65.
    Have been out of this for a year sice selling at .72 watched it go to around $1.30 and then drop back to .60
    Thanks for the informative posts Rimtalay. I am guessing it will be ok re the strip ratio as MGX has koonan Island with a similar strip ratio of around 6:1 from memory.
    The new RIO contract should underpin the ore price for the next year.
    If they can do 2MTA then thats a heftty cash flow if they can realise $40.00 a ton cash
    Having MK out was not a driver for me to make a decision to buy.
    I am still mainly exposed to this through a nice holding in OMH:)might have to reduce that holding shortly as the PE is getting a little high.
    TTY Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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