Also, the BOD are smart and have set up the company for multiple...

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Heisenberg63

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14/08/24

21:15

Post #: 75210321
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Originally posted by Goldhouse: ↑

Yes, I’m in the industry and remember when it was down around $40 per tonne. Everything kept going just the same and the big producers were still making money. I’ve heard on more than one occasion it costs about $15 per tonne ( large producers) to get it out of the ground, the current price at the moment is still very high in terms of what is required to make a profit. It is forecast to come down somewhat but not a great deal in the scheme of things.
we will always need steel and there will always be world economics playing a hand but with the rise of the middle class in third world countries and looking at the bigger picture Id say where on the right train.

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Also, the BOD are smart and have set up the company for multiple income streams, through MMS.
Macro's success won't just be at the whim of the IO price, and Mogul (Copper, gold etc) and the manganese exposure through FireBird will further strengthen them against IO price volatility.
These guys are serial wealth makers.

M4M Price at posting: 2.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $27.84M

Open	High	Low	Value	Volume
0.7¢	0.7¢	0.7¢	$3	378

Buyers (Bids)

No.	Vol.	Price($)
23	12438263	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	14523367	7

View Market Depth

No.	Vol.	Price($)
1	378	0.007
23	12438263	0.006
14	8596016	0.005
5	15847523	0.004
3	1833663	0.003

Price($)	Vol.	No.
0.007	14523745	7
0.008	7116124	10
0.009	3562500	3
0.010	1240979	4
0.011	3954444	4

Last trade - 09.59am 31/07/2025 (20 minute delay)

M4M (ASX) Chart

Also, the BOD are smart and have set up the company for multiple...

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Also, the BOD are smart and have set up the company for multiple...

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