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7.6¢ macarthur minerals limited

$100 million market cap close today., page-3

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edglim

445 Posts.

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09/02/21

10:34

Post #: 50818681
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Originally posted by Mugpunter3: ↑

At 74c close today MIO went through the magic $100m market cap hurdle. Their Port agreement today is very big news - not just for MIO but also for the Southern Ports Authority and the Port of Esperance. Add this to their massive magnetite and hematite resources and reserves, their 40m tonne binding off-take agreement with Glencore, project is approved to mine in WA, rail deal signed up. This port deal not only closes the last link for route to market, it also provides a massive boost to the Esperance Port to boost its iron ore exports capacity. Their current unloaders at the Port can only do 2,000 tonnes an hour. The proposed new Helix dumper will do 25,000 tonnes per hour. That’s a 250,000 tonne Cape sized ship loaded in 10 hours.

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An MOU is not quite an Agreement, but still, it's a tick off, on the list of their things to do.

What's your thoughts on the Hematite and Magnetite options.??? Which will get shipped and which will stay in Oz.

MIO Price at posting: 70.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 7.6¢		Change 0.000(0.00%)		Mkt cap ! $13.07M

Open	High	Low	Value	Volume
8.0¢	8.0¢	7.6¢	$1.482K	18.79K

Buyers (Bids)

No.	Vol.	Price($)
1	7760	7.6¢

Sellers (Offers)

Price($)	Vol.	No.
8.0¢	26353	1

View Market Depth

No.	Vol.	Price($)
1	7760	0.076
1	8527	0.074
1	41095	0.073
1	6008	0.066
1	14940	0.065

Price($)	Vol.	No.
0.080	26353	1
0.089	37000	1
0.095	60000	1
0.100	28600	2
0.110	200000	1

Last trade - 16.10pm 06/05/2024 (20 minute delay)

MIO (ASX) Chart

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