If their reserves actually exist and all other things remain constant (ie. Profit per tonne, current level of production and a 10 yr mine life) and using a discount rate of 10% then the present value of these reserves over 10 yrs is 507 million dollars. Thats over two times the current share price. This excludes the tax they have to pay (cause i dont know what it is).
increased iron ore production, page-16
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Last
44.5¢ |
Change
0.010(2.30%) |
Mkt cap ! $540.6M | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 45.0¢ | 43.5¢ | $751.6K | 1.688M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 371734 | 9 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |