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
44.5¢ |
Change
0.010(2.30%) |
Mkt cap ! $540.6M |
Open | High | Low | Value | Volume |
43.5¢ | 45.5¢ | 43.5¢ | $670.4K | 1.500M |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 79452 | 44.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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45.5¢ | 293614 | 10 |
View Market Depth
No. | Vol. | Price($) |
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2 | 79452 | 0.445 |
4 | 228374 | 0.440 |
4 | 421000 | 0.435 |
8 | 105974 | 0.430 |
7 | 177432 | 0.425 |
Price($) | Vol. | No. |
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0.455 | 276053 | 8 |
0.460 | 217725 | 6 |
0.465 | 239000 | 4 |
0.470 | 256125 | 3 |
0.475 | 119599 | 4 |
Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
45.0¢ |
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Change
0.010 ( 3.62 %) |
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Open | High | Low | Volume | ||
43.5¢ | 45.3¢ | 43.5¢ | 200847 | ||
Last updated 15.59pm 17/05/2024 ? |
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