If you look at the last 5 years the highest the share price got was around $1.20 and that was when we were generating profit of around $133M in 2019.
This year we could reach a profit figure of twice that at $260M if the Iron ore price stays where it is and the costs are maintained below $92/tonne (inclusive of royalties).
Therefore no reason not to get to high $1.70-$1.80 per share.
The fact that we are bogged blow 45c is really amazing. It does allow us to slowly accumulate more shares for the final run. Remember 80% are held by top 20 so not many free shares when this decided to break out and run.
It should be a spectacular run when it finally comes. Just make sure you are set.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
26.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $306.6M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 271888 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 461863 | 7 |
View Market Depth
| Last trade - 09.37am 26/06/2025 (20 minute delay) ? |
| MGX (ASX) Chart |
Day chart unavailable