The company raised a further $11.365 million in Jan03 to retire debt and development costs of Tallering Peak iron ore mine located in WA. Check their website www.mtgibsoniron.com.au. First shipment of grade hermatite was planned mid 2003 subject to Geraldton Port Authority completing a major dredging program to accommodate vessel for the company's iron ore exports. 1.5Mtpa. The market is awaiting progress on this.
It is intended to commence development of 2nd mine Mt Gibson hermatite mine immediaely after operations at Tallering Peak have been commissioned which is expected to be funded from cash flow. The development of the two mines over the next two years producing 3.0Mtpa. Long term sales contracts with China already in place for two thirds of the production. Hope this helps.
anyone followed this or done any research?, page-2
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MGX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
41.0¢ |
Change
-0.005(1.20%) |
Mkt cap ! $498.1M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.5¢ | 40.8¢ | $360.4K | 877.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 168024 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 80475 | 5 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MGX (ASX) Chart |