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
43.8¢ |
Change
-0.013(2.78%) |
Mkt cap ! $531.5M |
Open | High | Low | Value | Volume |
44.5¢ | 44.5¢ | 43.5¢ | $516.9K | 1.172M |
Buyers (Bids)
No. | Vol. | Price($) |
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13 | 255979 | 43.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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44.0¢ | 85384 | 10 |
View Market Depth
No. | Vol. | Price($) |
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14 | 263039 | 0.435 |
21 | 448232 | 0.430 |
13 | 180696 | 0.425 |
6 | 189868 | 0.420 |
7 | 86151 | 0.415 |
Price($) | Vol. | No. |
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0.440 | 89730 | 18 |
0.445 | 148075 | 6 |
0.450 | 124408 | 4 |
0.455 | 290862 | 8 |
0.460 | 344681 | 13 |
Last trade - 12.06pm 28/05/2024 (20 minute delay) ? |
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Last
43.8¢ |
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Change
-0.013 ( 2.78 %) |
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Open | High | Low | Volume | ||
44.5¢ | 44.5¢ | 43.5¢ | 308699 | ||
Last updated 12.24pm 28/05/2024 ? |
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