Working on a what its worth concept.
CFE was offered $400M for their Magnetite project which was 1.56 billion tonnes grading 31.2% Fe.
MXR have Vanadium credits on top of this, and a bigger target from just block 1. 5 targets in the small area identified. They have Gold, Uranium, Nickel and PGE targets.
Looking at the "worth" of just block 1 once JORCed up... $400M value gives $2 a share value.
Approx 200M shares fully dulited. NTA of 13c a share, plus 6c oppies cash (from converted options)
Gives $2 + 13c + 6c = $2.19.
$2.19 target ignoring the vanadium and 4 other nearby targets, and all other projects and prospects...
Seems to me a longer term value around the $2-$4....
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share price target 2 to 4 bucks
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Last
2.8¢ |
Change
-0.001(3.45%) |
Mkt cap ! $11.98M |
Open | High | Low | Value | Volume |
2.8¢ | 2.8¢ | 2.7¢ | $33.29K | 1.212M |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 239242 | 2.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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3.1¢ | 327328 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 239242 | 0.028 |
2 | 850000 | 0.027 |
4 | 153000 | 0.026 |
2 | 139999 | 0.025 |
1 | 200000 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.031 | 327328 | 1 |
0.032 | 1240998 | 3 |
0.033 | 97818 | 1 |
0.035 | 345018 | 2 |
0.037 | 40837 | 1 |
Last trade - 15.12pm 04/06/2024 (20 minute delay) ? |
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Last
2.8¢ |
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Change
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Open | High | Low | Volume | ||
2.7¢ | 2.8¢ | 2.7¢ | 240046 | ||
Last updated 15.12pm 04/06/2024 ? |
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