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
- Forums
- ASX - By Stock
- MGX
- Mount Gibson - resources released
Mount Gibson - resources released
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MGX (ASX) to my watchlist
(20min delay)
|
|||||
Last
42.0¢ |
Change
-0.005(1.18%) |
Mkt cap ! $510.2M |
Open | High | Low | Value | Volume |
42.5¢ | 43.0¢ | 42.0¢ | $1.114M | 2.637M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 293747 | 42.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
42.5¢ | 12140 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 256371 | 0.420 |
7 | 268900 | 0.415 |
7 | 210690 | 0.410 |
2 | 31000 | 0.405 |
7 | 30575 | 0.400 |
Price($) | Vol. | No. |
---|---|---|
0.430 | 118728 | 6 |
0.435 | 80986 | 4 |
0.440 | 214571 | 10 |
0.445 | 164807 | 6 |
0.450 | 32250 | 3 |
Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
|
|||||
Last
42.5¢ |
  |
Change
-0.005 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
43.0¢ | 43.0¢ | 42.0¢ | 316250 | ||
Last updated 15.59pm 31/05/2024 ? |
Featured News
MGX (ASX) Chart |