High grade (Fe 63% plus) hematite resources released today. Combined 27 mt for the KSM and Mt Gibson deposits. Reserves to some next month, but likely enough ore for 10 years at 2 mtpa. Once settlement with KSM administrators is achieved and reserves and financial parameters are finalised, should be little risk with this stock, assuming iron ore outlook is Ok for 2003-04. MGX were quoting about cashflow of AUD8 per tonne cash flow on Mt Gibson deposit; economics of KSM deposits are apparently better. Using a more conservative AUD6, this still gives the company a very low P/E (estimate 2-3) once it is production in about 9-12 months.
angus
i hold MGX
- Forums
- ASX - By Stock
- MGX
- Mount Gibson - resources released
Mount Gibson - resources released
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MGX (ASX) to my watchlist
(20min delay)
|
|||||
Last
43.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $522.4M |
Open | High | Low | Value | Volume |
43.0¢ | 43.5¢ | 42.3¢ | $1.409M | 3.304M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 367927 | 42.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.0¢ | 144770 | 31 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 367921 | 0.425 |
16 | 484820 | 0.420 |
10 | 82943 | 0.415 |
9 | 160490 | 0.410 |
5 | 169749 | 0.405 |
Price($) | Vol. | No. |
---|---|---|
0.430 | 144630 | 30 |
0.435 | 97561 | 8 |
0.440 | 69900 | 4 |
0.445 | 139568 | 8 |
0.450 | 207117 | 4 |
Last trade - 14.24pm 29/05/2024 (20 minute delay) ? |
|
|||||
Last
43.0¢ |
  |
Change
0.000 ( 1.06 %) |
|||
Open | High | Low | Volume | ||
43.0¢ | 43.0¢ | 42.5¢ | 358040 | ||
Last updated 14.45pm 29/05/2024 ? |
Featured News
MGX (ASX) Chart |