Why I’m investing in MGT? To make money is the bottom line.
1. Estimate annual revenue: 5.53mt/year * $150/ton = $828 million/year, this premium price for 58-59% Fe.
2. Estimate annual profit: $828 million - $254.78 million (OPEX) = $573.22 million
3. Apply PE ratio (10): $573.22 million * 10 = $5.732 billion.
4. Divide by total shares (77 million): $5.732 billion ÷ 77 million = approximately $74.44 per share.
Yes the shares on off will increase, this was why or part of the reason for consolidation, who would invest in a small cap with billions of shared, I know I don’t.
Even if our shares doubled to 152 million shares, the price then is $37.22c per share.
If becoming a millionaire was easy, we’d all be millionaires right now, nothing comes easy.
Why I’m investing in MGT? To make money is the bottom line. 1....
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Last
27.0¢ |
Change
-0.010(3.57%) |
Mkt cap ! $26.57M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 27.0¢ | $43.26K | 158.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 101509 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 15174 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| MGT (ASX) Chart |