I think it is more about the assumptions in the model. MGT took a very conservative view a scaled things down to get a lower CAPEX which imo sort of dumbs down the potential. I think they scored an own goal in the process and it has led a lot of people to question the management of the feasibility study.
If you start to look closer at some of the assumptions, you will probably conclude where there is further upside and what the risks are that could play out. A straight comparison with say Hanson Iron Ore ( which many on this chat do) will highlight some of the differences.
I hold both, and think either could get up and if they do it should deliver good returns imo.
At 2.2c they are an attractive speculative buy.
MGT share price, page-9895
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Last
27.0¢ |
Change
-0.005(1.82%) |
Mkt cap ! $26.57M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 28.0¢ | 26.5¢ | $53.95K | 198.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 41845 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 133525 | 4 |
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| Last trade - 15.32pm 27/06/2024 (20 minute delay) ? |
| MGT (ASX) Chart |