IRR of 10% is the least of MacArthur's worries. Wouldn't matter if the CAPEX was at $1.99 and IRR at 100%. The ASX Market (today) is being played by People with Dumb Money vs Brokers. The Brokers are winning. The only thing MacArthur has, that is legit is a Mine License. They have no way of getting to the Magnetite or even getting it out, once they've got it.
No Iron Major is going to knock on there door or pick up the phone, until a major hurdle is cleared. Lake Giles is a game of snakes and ladders, only with more snakes. Shovel ready was moved from 2024 to 2026. I wonder why.... What could MacArthur be waiting on. Lets see if the penny drops.
Ann: Positive FS Results for Lake Giles Iron Project, page-8
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Last
1.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.994M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 27000 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 306089 | 1 |
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| Last trade - 16.21pm 27/06/2025 (20 minute delay) ? |
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