MGT magnetite mines limited.

2.56%

8.0¢

Hio up 33% today Mgt flat!, page-52

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Irongrilled

832 Posts.

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18/04/22

09:44

Post #: 60892375
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Originally posted by Tcb007: ↑

I saw the same rubbish posts like what you have just written during the early days of lithium. Some stocks multi-bagged quicker than others & it was hero"s like yourself who couldnt take watching a peer 7 bag whilst there was literally no movement with your beloved stock.
Your turn will come but to snipe at other company's or posters shows a level of desperation which I can understand. It would have been uneasy watching HIO multi bag & MGT getting serially dumped week on week.

I dont know much about HIO or MGT but I'm doing some research. I'm not going to take any sides, from what I can gather - the two deposits are vastly different.
One has grand ambitions to product 20mt vs 3mt to 7mt. Both require huge expenditure.
Maybe bother will make it to production - I can see some lucrative profits being made by holders of both stocks. I mentioned the other day, if IO spikes back over $200 due to Chinese stimulus, then we should see both stocks at around $1B market cap.

Expand

"the two deposits are vastly different"

Muster Dam is almost exactly the same as HIO. Same qualities, Almost the same size, same "highest grade ore in the world".

The difference between MGT and HIO available resources is the MGT not only has what HIO has but also another massive deposit at Razorback which has a lower strip ratio and approximately 3-4 times the size .

I to hold both. Much more in MGT favour

Last edited by Irongrilled: 18/04/22

MGT Price at posting: 4.1¢ Sentiment: Hold Disclosure: Held
11 Upvote

1 Great analysis

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(20min delay)
Last 8.0¢		Change 0.002(2.56%)		Mkt cap ! $9.681M

Open	High	Low	Value	Volume
8.0¢	8.2¢	7.9¢	$21.75K	272.0K

Buyers (Bids)

No.	Vol.	Price($)
1	12258	7.9¢

Sellers (Offers)

Price($)	Vol.	No.
8.0¢	1596	1

View Market Depth

No.	Vol.	Price($)
1	12258	0.079
1	12500	0.078
1	64935	0.077
2	52473	0.076
3	240333	0.075

Price($)	Vol.	No.
0.080	1596	1
0.082	57206	2
0.087	123555	1
0.090	44376	2
0.095	51200	2

Last trade - 15.47pm 27/06/2025 (20 minute delay)

MGT (ASX) Chart

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