MGT 16.7% 31.5¢ magnetite mines limited.

i don't think I've seen anyone mention that the PFS used...

  1. 75 Posts.
    lightbulb Created with Sketch. 29
    i don't think I've seen anyone mention that the PFS used $110usd/tonne as the long running 62% average. Right now 68% is commanding approximately $30-40usd/tonne above the 62% price.

    Ifwe take that $30-40 extra off our OPEX costs, it'd take our OPEX down to $24-34/tonne, in league with the big boys, with 4b+ tonnes of ore, that's insane for a penny stock

    I havent seen someone post this yet, but running at a similar cost to the big players (at a much lower scale) is a huge feat of strength

    ** They made no mention of including the premium 68% price in their opex cost so I'm assuming that what I've written is correct, happy to be proved right or wrong
    Last edited by Rjsmith99: 09/07/21
 
watchlist Created with Sketch. Add MGT (ASX) to my watchlist
(20min delay)
Last
31.5¢
Change
0.045(16.7%)
Mkt cap ! $31.00M
Open High Low Value Volume
27.5¢ 31.5¢ 27.0¢ $149.6K 518.9K

Buyers (Bids)

No. Vol. Price($)
2 5000 30.0¢
 

Sellers (Offers)

Price($) Vol. No.
31.5¢ 33790 2
View Market Depth
Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
Last
31.5¢
  Change
0.045 ( 18.9 %)
Open High Low Volume
27.5¢ 31.5¢ 27.5¢ 45119
Last updated 15.56pm 03/05/2024 ?
MGT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.