At days end Green Steel/Magnetite will replace existing low grade, high energy refinitive ore. Hydrogen, Hydro/nuclear are means of energy supply governments around the world are busily looking to implement for such ventures. NOT for supply to cheap, high energy intensive ores as the low grade.
It's happening now and will continue to build into the late 2020s. Market percentage by early 2030s will see the cheap stuff/grade uneconomical.
Whether you believe the green hype or not, governments will make the green option happen. I sit in between as far as a concern or if its truly global warming etc. But my investment cap says place my bets on governments moving towards projects that support green initiatives...MGT is one mother of a Green project given its high grade and mammoth resource. SA gov does look like its aligned with Hydrogen which is a plus.
MGT $ 1.00 TARGET PRICE 2024, page-104
Add MGT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
35.5¢ |
Change
-0.005(1.39%) |
Mkt cap ! $34.94M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 36.5¢ | 35.5¢ | $30.01K | 83.35K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 116066 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 14870 | 1 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
|
|||||
|
Last
35.5¢ |
Change
-0.005 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| 36.5¢ | 36.5¢ | 35.5¢ | 22957 | ||
| Last updated 15.58pm 21/05/2024 ? | |||||
| MGT (ASX) Chart |