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.
- Forums
- ASX - By Stock
- Chart base breakout still early toot toot
MGT
magnetite mines limited.
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2.56%
!
8.0¢

No offence taken. My on-going sentiments are based on the...
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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($) | Vol. | No. |
---|---|---|
8.0¢ | 1596 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 12500 | 0.078 |
1 | 64935 | 0.077 |
2 | 52473 | 0.076 |
3 | 240333 | 0.075 |
2 | 55723 | 0.072 |
Price($) | Vol. | No. |
---|---|---|
0.080 | 1596 | 1 |
0.082 | 57206 | 2 |
0.087 | 123555 | 1 |
0.090 | 44376 | 2 |
0.095 | 51200 | 2 |
Last trade - 15.47pm 27/06/2025 (20 minute delay) ? |
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MGT (ASX) Chart |
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PAR
PARADIGM BIOPHARMACEUTICALS LIMITED..
Paul Rennie, MD & Founder
Paul Rennie
MD & Founder
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