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
41.0¢ |
Change
-0.005(1.20%) |
Mkt cap ! $498.1M |
Open | High | Low | Value | Volume |
41.0¢ | 41.5¢ | 40.5¢ | $580.3K | 1.416M |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 156031 | 41.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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41.5¢ | 65000 | 3 |
View Market Depth
No. | Vol. | Price($) |
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2 | 156031 | 0.410 |
8 | 652012 | 0.405 |
18 | 370357 | 0.400 |
5 | 184100 | 0.395 |
9 | 260650 | 0.390 |
Price($) | Vol. | No. |
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0.415 | 65000 | 3 |
0.420 | 250505 | 10 |
0.425 | 127093 | 7 |
0.430 | 131637 | 9 |
0.435 | 109986 | 4 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
41.3¢ |
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Change
-0.005 ( 0.60 %) |
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Open | High | Low | Volume | ||
41.0¢ | 41.5¢ | 40.5¢ | 558237 | ||
Last updated 15.59pm 14/06/2024 ? |
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