MGT share price, page-10120

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Glennj74

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22/12/21

10:27

Post #: 58455774
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Originally posted by Martyac: ↑

Morning All,
Check out the attached link for this year's iron ore sell prices from 58% to 65% fines and 65% pellets.
http://www.custeel.com/en/csi.jspIt is great to see that the price drop for 65% pallets was insignificant compared to 62% fines throughout 2021, that said, 58% fines took an absolute hiding.
Even in the lows of the iron ore price cycle 67.5-68.5% iron ore pellets will hold massive gains over 58-62% fines.
As an example; 21/12/21 (Yesterday) 58% fines sold for $78.70 USD while 65% pellets sold for $176.10 USD.

There are some clowns on this thread that continue to compare Hematite ore with Magnetite ore, comparing the cost of mining each.
DYOR, subtract the true cost of production (see company reports) from the current sell price of their products to see their true profits.
Compare this to MGT's all in costs of $54 USD/t subtracted from $176.10 USD/t (also consider MGT will have a higher grade 67.5-68.5% product).

MGT will be a very profitable company once production starts.

BTW, ignore the noise created by the attention seekers..

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Great points. My other iron ore play MGT just got a great funding deal for $209 million. Thier share price doubled in a month. MGT has a finance broker on board now so this shows he should be able to secure us funds. People starting to grab these magnetite plays and I thibk we are on a similar path to hio.

MGT Price at posting: 2.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 8.1¢		Change -0.005(5.81%)		Mkt cap ! $9.827M

Open	High	Low	Value	Volume
8.7¢	8.7¢	8.1¢	$29.81K	358.2K

Buyers (Bids)

No.	Vol.	Price($)
1	123712	8.1¢

Sellers (Offers)

Price($)	Vol.	No.
8.5¢	20624	2

View Market Depth

No.	Vol.	Price($)
1	123712	0.081
5	84802	0.080
1	700	0.079
2	19000	0.078
1	40000	0.077

Price($)	Vol.	No.
0.085	20624	2
0.089	59558	1
0.090	259408	3
0.092	100000	1
0.094	19800	1

Last trade - 15.37pm 28/07/2025 (20 minute delay)

MGT (ASX) Chart

MGT share price, page-10120

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MGT share price, page-10120

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