First observation made from the report, the company generated $208m annualised $800m. Each quarter generating at least $100m positive cashflow.
Remaining life of 65% grade is approx 3 years - which equates to approx 12 quarters remaining. So in generating as it stands today $100m per quarter we would expect at least another $1.2 billion in cashflow/bank on top of the $257m already in the bank.
Moving forward once Fenix gets their house in order and any risk eliminated I think MGX can afford to buy them outright.
Junior mines in progression.
More importantly 63% grade of mineral reserve not sure what that will equate in ore reserve maybe half - MGX will be on that island for sometime.
First observation made from the report, the company generated...
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34.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $414.2M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.5¢ | 34.0¢ | $76.93K | 225.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 283474 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.5¢ | 65545 | 4 |
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| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| MGX (ASX) Chart |