Good analysis, but has to take into account the quality and volumes of resources that are contained in the project. The bulk of the Xinfa ore is likely being mined from BH1 that should be depleted well within 10 years. Then MMI have to look at BH6 and the other resources acquired from Gulf. The key is effective mine planning and blending during actual mining. MMI are also at the mercy of the bauxite price and input costs. If any of these move adversely there could be issues.
I believe that MMI needs to look closely at a more sustainable growth in volumes rather than big steps. There are obvious bottlenecks such as the current screening and barging operations. I am keen to buy, but this quarter is going to be rough and it may be a few more weeks before we see more sustainable shipping.
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Good analysis, but has to take into account the quality and...
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4.2¢ |
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Mkt cap ! $247.1M |
Open | High | Low | Value | Volume |
4.0¢ | 4.2¢ | 4.0¢ | $91.71K | 2.271M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 264861 | 4.1¢ |
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Price($) | Vol. | No. |
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4.2¢ | 2363586 | 11 |
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No. | Vol. | Price($) |
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2 | 264672 | 0.041 |
8 | 2109387 | 0.040 |
7 | 1105253 | 0.039 |
10 | 2547358 | 0.038 |
10 | 3207183 | 0.037 |
Price($) | Vol. | No. |
---|---|---|
0.042 | 2363586 | 11 |
0.043 | 979094 | 7 |
0.044 | 1990471 | 5 |
0.045 | 1442618 | 11 |
0.046 | 1682577 | 5 |
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