MGT magnetite mines limited.

Chart base breakout still early toot toot, page-29

  1. 29 Posts.
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    No offence taken. My on-going sentiments are based on the following facts:
    • MGT has 3.9 billion tons of high ground iron ore
    • There is a long way to go and many twists in the road before production
    • They are talking about getting to reduction in some form or other by 2024
    • There a lot of twist and turns to go in the road before we get to this stage
    • Importantly the mine is near roads and trains
    • As a base comparison Fortescue Metals has 1.5 billion tons of reserves & a share price of $20 per share
    • Fortescue Metals is now a $65 billion dollar company
    • If MGT were to ever go into prod., & it reached a prod.level of 10% of Fortescue it could be @ about $2 a share
    • For me, I've put the shares into the bottom draw until at least 2023.This is a long term punt.
 
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(20min delay)
Last
8.0¢
Change
0.002(2.56%)
Mkt cap ! $9.681M
Open High Low Value Volume
8.0¢ 8.2¢ 7.9¢ $21.75K 272.0K

Buyers (Bids)

No. Vol. Price($)
1 12258 7.9¢
 

Sellers (Offers)

Price($) Vol. No.
8.0¢ 1596 1
View Market Depth
Last trade - 15.47pm 27/06/2025 (20 minute delay) ?
MGT (ASX) Chart
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