It can comfortably go to $200mill MC on the existing resource alone
Should be $1B MC already imo better sooner rather than later otherwise they’ll become a cheap TO target if they’re not one already
The constant buying is coming from brokerages & I know these guys are targeting more that 10X returns imo
When FMG was starting out with @ $1B MC on 500mill tons @ 38% Fe & IO was only $65/t and they had no way of getting it out of the Pilbara, no access to road or rail
Can’t be f*ed explaining it to the HC “expert” down rampers but M4M has nearly 300 mill clean tons of Fe ( 600mill T @ 42% ) 300mill tons @ $116/t = $34.8B
34 000 000 000 (looks better when I put the zeros behind the 34)
So you see this play doesn’t depend on drilling
Yes they’re going to drilling the African & WA tenements to increase the resources but a commercially more than viable resource is already there
NOT FINANCIAL ADVICE
DYOR
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Last
2.5¢ |
Change
0.001(4.17%) |
Mkt cap ! $89.96M |
Open | High | Low | Value | Volume |
2.5¢ | 2.5¢ | 2.5¢ | $31.08K | 1.243M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 1648666 | 2.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.5¢ | 578904 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 1648666 | 0.024 |
4 | 2493089 | 0.023 |
3 | 111000 | 0.022 |
5 | 466950 | 0.020 |
1 | 426 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 578904 | 3 |
0.026 | 612000 | 4 |
0.027 | 649962 | 5 |
0.028 | 358759 | 3 |
0.029 | 45000 | 2 |
Last trade - 10.29am 22/08/2024 (20 minute delay) ? |
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