Guys just a reminder that we still have a market cap of only $128 million and we are sitting on over 5 billion tonnes of premium iron ore. 5 BILLION TONNES!! No other company with our size resource has a market cap this low. If the PFS shows even a fairly low profit margin, our share price is going to explode. Given our management and the team they have assembled (GWA, NextOre), our relationship with the Government, our access to EXISTING infrastructure, our premium product, plus iron ore prices at $170 US per tonne, I am so confident that we will be making an extremely decent profit per tonne once we start mining.
There is no reason we can't be at $500 million market cap on the back of a strong PFS - a share price of 18 cents. Potentially even higher once word gets out and some of the big boys want in.
Its an exciting time to be an MGT holder.
MGT share price, page-4001
-
- There are more pages in this discussion • 9,928 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MGT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
24.5¢ |
Change
0.005(2.08%) |
Mkt cap ! $25.04M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 27.0¢ | 23.5¢ | $55.47K | 229.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93988 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 4000 | 1 |
View Market Depth
| Last trade - 16.10pm 13/08/2024 (20 minute delay) ? |
| MGT (ASX) Chart |