Samluk, you have answered your own question. "if the ore is not selling to the Chinese, then who the buyer will be ? and where their profit is from ?"
This is the major weakness in MGX. They have a huge economic dependency on the Chinese market. Therefore it is imperative that MGX has an independent board with a view to expand it's customer base not only in China but to sell some of it's ore to India, Korea & Japan.
If MGX can operate without a Chinese gun held at it's head or perhaps a smaller gun, the SP will no doubt be much better.
Then there is the issue of proven resources. MGX only has a current mine life of 10 years, they need to prove up more resources.
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Last
27.5¢ |
Change
-0.005(1.79%) |
Mkt cap ! $344.1M |
Open | High | Low | Value | Volume |
28.0¢ | 28.5¢ | 27.5¢ | $178.0K | 636.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 69602 | 27.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.0¢ | 163688 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 101497 | 0.275 |
16 | 343149 | 0.270 |
9 | 210864 | 0.265 |
9 | 206888 | 0.260 |
5 | 138450 | 0.255 |
Price($) | Vol. | No. |
---|---|---|
0.280 | 163688 | 9 |
0.285 | 252941 | 10 |
0.290 | 95042 | 5 |
0.295 | 86229 | 5 |
0.300 | 142520 | 10 |
Last trade - 13.11pm 10/09/2024 (20 minute delay) ? |
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