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
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Last
43.5¢ |
Change
-0.015(3.33%) |
Mkt cap ! $531.5M |
Open | High | Low | Value | Volume |
44.5¢ | 44.5¢ | 43.5¢ | $560.4K | 1.271M |
Buyers (Bids)
No. | Vol. | Price($) |
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17 | 257451 | 43.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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44.0¢ | 74814 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 257451 | 0.435 |
24 | 471372 | 0.430 |
14 | 185648 | 0.425 |
8 | 351174 | 0.420 |
6 | 75010 | 0.415 |
Price($) | Vol. | No. |
---|---|---|
0.440 | 74814 | 17 |
0.445 | 153335 | 7 |
0.450 | 124408 | 4 |
0.455 | 250224 | 7 |
0.460 | 395319 | 15 |
Last trade - 13.20pm 28/05/2024 (20 minute delay) ? |
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Last
43.8¢ |
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Change
-0.015 ( 2.78 %) |
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Open | High | Low | Volume | ||
44.5¢ | 44.5¢ | 43.5¢ | 353981 | ||
Last updated 13.50pm 28/05/2024 ? |
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