I spoke to Peter this morning. He hasn't sold a single mgt share. I have been thinking even if I sell, I am not letting go at this price. Oversold now. Not saying it may not get sold down further depending on individual's risk strategy. Break-even cost of USD54per tonne is a solid number for a business case for production. Per the experts, if iron ore goes below usd70 per tonne, it will put the current miners out of business. That day will come when steel is not needed which is a remote possibility.
Ann: Positive PFS Results for Razorback Iron Ore Project, page-606
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Last
18.5¢ |
Change
0.005(2.78%) |
Mkt cap ! $21.33M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.5¢ | 17.5¢ | $14.97K | 83.40K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 90014 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 30666 | 2 |
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| MGT (ASX) Chart |