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
|
|||||
Last
41.0¢ |
Change
-0.005(1.20%) |
Mkt cap ! $498.1M |
Open | High | Low | Value | Volume |
41.5¢ | 41.5¢ | 40.5¢ | $152.5K | 372.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 689107 | 40.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
41.0¢ | 144966 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
23 | 687519 | 0.405 |
16 | 210016 | 0.400 |
9 | 332400 | 0.395 |
11 | 377600 | 0.390 |
5 | 201404 | 0.385 |
Price($) | Vol. | No. |
---|---|---|
0.410 | 121052 | 19 |
0.415 | 81337 | 11 |
0.420 | 238565 | 11 |
0.425 | 170899 | 9 |
0.430 | 266982 | 11 |
Last trade - 13.18pm 19/06/2024 (20 minute delay) ? |
Featured News
MGX (ASX) Chart |
The Watchlist
CC9
CHARIOT CORPORATION LTD
Shanthar Pathmanathan, MD
Shanthar Pathmanathan
MD
Previous Video
Next Video
SPONSORED BY The Market Online