Australia's largest stock trading and investment forum Australia's #1 stock forum

MIO

Click for more information

0.00%

7.5¢ macarthur minerals limited

An MOU is not quite an Agreement, but still, it's a tick off, on...

First 3 Last

Share
Profile

Follow
edglim

445 Posts.

80

09/02/21

10:34

Post #: 50818681
Share

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.

Expand

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
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 3 more messages in this thread...

First 3 Last

Add MIO (ASX) to my watchlist

(20min delay)
Last 7.5¢		Change 0.000(0.00%)		Mkt cap ! $12.90M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	41095	7.3¢

Sellers (Offers)

Price($)	Vol.	No.
8.0¢	5398	1

View Market Depth

No.	Vol.	Price($)
1	41095	0.073
1	14940	0.065
1	16966	0.059
1	1000000	0.004
1	1000000	0.003

Price($)	Vol.	No.
0.080	5398	1
0.088	88933	1
0.089	37000	1
0.095	60000	1
0.100	47480	2

Last trade - 16.12pm 26/04/2024 (20 minute delay)

MIO (ASX) Chart

Day chart unavailable