Forget about DSO , yes I'm saying why woikd they even bother with it,
It was p profitable at 200 a tonne, but is it now ? And what's the start up cost ? And who's ti say that IO prices will remain this high or stay stable , it's extremely risky to go down the DSO route especially when they can start on pig iron straight away .
Look how stable the pig iron price us compared to the IO price ,
200 million Capex to build the Hisment is chump change in this market , have a look at some of the cash that the lithium stocks are raising , have a look at the interest rates , very low and if MGU could borrow the cash it would be a short payback , 1-2 years
Or if MGU get enough solid news out over the next 6 months to get it up to 40 or 50 cents they around raise some cash via equity , so maybe a mixture of debt and equity .
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Last
1.2¢ |
Change
0.001(9.09%) |
Mkt cap ! $9.712M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 2006333 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 798190 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 2006333 | 0.011 |
15 | 1704285 | 0.010 |
3 | 601200 | 0.009 |
2 | 240000 | 0.008 |
2 | 1200000 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 798190 | 6 |
0.014 | 672580 | 5 |
0.015 | 1469042 | 3 |
0.016 | 921241 | 5 |
0.017 | 467407 | 4 |
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