MGX 0.00% 43.5¢ mount gibson iron limited

Hi ThinkinLoudlyThe reports consistently state a "farm in"...

  1. 1,528 Posts.
    lightbulb Created with Sketch. 323
    Hi ThinkinLoudly

    The reports consistently state a "farm in" arrangement at Butchers Track / Tallering Peak.

    I interpret a farm in arrangement to be that we are getting the exploration for free in return for giving part of our mining rights over to the explorer.

    I suspect that the farm in explorer has an interest in a precious metal, while the reports consistently state our interest is in bulk base metals.

    The reports state there has been drilling going on for quite some time, yet have never released any drill results . . . this is possibly because the results are in the hands of our farm in arrangement.

    The area around Mullewa is known for both precious metals and bulk base metals.
 
watchlist Created with Sketch. Add MGX (ASX) to my watchlist
(20min delay)
Last
43.5¢
Change
0.000(0.00%)
Mkt cap ! $528.4M
Open High Low Value Volume
43.5¢ 44.5¢ 43.5¢ $152.8K 347.9K

Buyers (Bids)

No. Vol. Price($)
7 63758 43.5¢
 

Sellers (Offers)

Price($) Vol. No.
44.0¢ 2336 1
View Market Depth
Last trade - 16.10pm 13/05/2024 (20 minute delay) ?
Last
43.8¢
  Change
0.000 ( 0.57 %)
Open High Low Volume
44.0¢ 44.5¢ 43.5¢ 78365
Last updated 15.55pm 13/05/2024 ?
MGX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.