First observation made from the report, the company generated $208m annualised $800m. Each quarter generating at least $100m positive cashflow.
Remaining life of 65% grade is approx 3 years - which equates to approx 12 quarters remaining. So in generating as it stands today $100m per quarter we would expect at least another $1.2 billion in cashflow/bank on top of the $257m already in the bank.
Moving forward once Fenix gets their house in order and any risk eliminated I think MGX can afford to buy them outright.
Junior mines in progression.
More importantly 63% grade of mineral reserve not sure what that will equate in ore reserve maybe half - MGX will be on that island for sometime.
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29.5¢ |
Change
-0.005(1.67%) |
Mkt cap ! $359.4M |
Open | High | Low | Value | Volume |
30.5¢ | 31.0¢ | 29.0¢ | $332.0K | 1.101M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 37786 | 29.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.0¢ | 12500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 37786 | 0.295 |
6 | 89687 | 0.290 |
3 | 92696 | 0.285 |
3 | 50540 | 0.280 |
3 | 46001 | 0.275 |
Price($) | Vol. | No. |
---|---|---|
0.300 | 12500 | 1 |
0.305 | 86705 | 4 |
0.310 | 181827 | 4 |
0.315 | 49000 | 2 |
0.320 | 305000 | 3 |
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