Yeah it's extremely good for a junior, very promising for a 30+ year mine life.
what 95% of people have missed is that MGT did NOT include the premium price into their long term iron ore price. They said $110us/t at the market price for 62%. So what none of the downrampers have accounted for is our premium price making this look extremely attractive (ie at $110 market price we could be selling at betweej $130 and $145/tonne). I assume they may include this closer to production date potentially in DFS or BFS.
and also include what Bullish trends said above, that $54 OPEX cost is based in a 23% contingency, so we could be producing at $40/tonne and selling for $130/tonne at a $20 premium to the market.
Yeah it's extremely good for a junior, very promising for a 30+...
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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) ? |
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Last
31.5¢ |
Change
0.045 ( 18.9 %) |
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| Open | High | Low | Volume | ||
| 27.5¢ | 31.5¢ | 27.5¢ | 45119 | ||
| Last updated 15.56pm 03/05/2024 ? | |||||
| MGT (ASX) Chart |