Hi Zendiceman
Thanks for your reply. MGU is a little further but like CAP pre production so assuming both get to production I don't think that makes much difference,notrying to compare share prices or anything.
And although I agree with you the world is going green with Joe possibly speeding that along, and therefore probably a growing gap between lower versus higher grade ore's, I am not with you when you say prices will stay anywhere near where they are today. Iron Ore is not a rear element and supply will increase (this will take some time).
I own a decent chunk of GRR and their pellets premiums are quite a bit higher than the 68% over 65%. Also their cost over the last couple of years have been $100 AUD per tonne which includes the palletizing costs, so quite a bit lower then $130 USD. Not really a favorable comparison. And you only have to go back a few years to see that even GRR wasn't exactly printing money when prices where lower.
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1.2¢ |
Change
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Mkt cap ! $9.712M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.2¢ | $6K | 500K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 3831862 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.3¢ | 623150 | 2 |
View Market Depth
No. | Vol. | Price($) |
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7 | 3831862 | 0.012 |
10 | 1380091 | 0.011 |
15 | 1704285 | 0.010 |
3 | 601200 | 0.009 |
3 | 490000 | 0.008 |
Price($) | Vol. | No. |
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0.013 | 623150 | 2 |
0.014 | 50000 | 1 |
0.015 | 568001 | 5 |
0.016 | 1200000 | 3 |
0.017 | 472407 | 4 |
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