MGX is one of my largest holdings. Always tempting to sell off a few chunks and spread the money around a bit. But it's really hard to get past just how low its valuation is. Even by the crazy-low standards of everything else at the moment. In Year 2 of KI operations, MGX plans to sell 2.6Mt of ore. At the current price of US$89/ton, plus a premium for the grade, less some shipping costs, MGX is probably netting around AU$150/ton right now.
If they were to ship the whole of Year 2's 2.6Mt production forecast at that level, that's $392M. All-in cash costs are around $176M. So that's cashflow of $216M.
Or put differently, adjusting for the cash pile, it's generating 50% of it's market cap in cash annually.
And there's a bit of treasury returns and some rail charge refunds.
You just can't sell an asset like that...
- Forums
- ASX - By Stock
- MGX
- Where is the bottom?
Where is the bottom?, page-21
-
-
- There are more pages in this discussion • 51 more messages 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
|
|||||
Last
44.8¢ |
Change
0.013(2.87%) |
Mkt cap ! $537.5M |
Open | High | Low | Value | Volume |
43.5¢ | 45.0¢ | 43.5¢ | $541.2K | 1.216M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 87107 | 44.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
45.0¢ | 356528 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 87107 | 0.445 |
10 | 156029 | 0.440 |
8 | 219123 | 0.435 |
7 | 488112 | 0.430 |
8 | 136755 | 0.425 |
Price($) | Vol. | No. |
---|---|---|
0.450 | 356543 | 18 |
0.455 | 228195 | 8 |
0.460 | 266963 | 9 |
0.465 | 197549 | 3 |
0.470 | 256125 | 3 |
Last trade - 14.26pm 05/07/2024 (20 minute delay) ? |
Featured News
MGX (ASX) Chart |