I'd expect the SP to fall in that scenario. Considering MGX is giving away a further 10% under off-take and rolling forward hedge book, not likely to be big profits in FY09 and FY10. At long term Fe US$60/t and AUD at $0.7 I figure MGX is worth about $0.5. If Fe was US$80/t then MGX would be worth about a $1. GSJBW are forecasting Fe at US$64 for 09.
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Last
37.0¢ |
Change
0.005(1.37%) |
Mkt cap ! $436.7M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.5¢ | 36.5¢ | $612.7K | 1.661M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 319322 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 2067183 | 20 |
View Market Depth
| Last trade - 14.27pm 22/07/2025 (20 minute delay) ? |
| MGX (ASX) Chart |