The problem with MGX going forward with satellite deposits is again huge investment to remove overburden waste to get to THE ore which also is of less quality and grade. Remember before restarting mining main pit MGX spent almost all reserve cash of $500m and its now hoping to get back to almost same cash reserve or slightly better after the mining of main pit is finished. The shareholders are losers here however the only winner is mayor Chinese shareholder who happens to buy ore from us and sell it for a profit. All IMHO
The problem with MGX going forward with satellite deposits is...
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31.0¢ |
Change
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Mkt cap ! $370.6M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.0¢ | 30.5¢ | $157.0K | 513.2K |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 92245 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 240971 | 12 |
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