Lower demand for steel plus indications that there will be serious shortages of high enough grades to use for DRI I think will lead to a further decoupling of high grade vs low grade prices. IMO the outlook for prices for MGT'S product is solid, and we are in a better position than just going off the 58% or 62% price would suggest. No one is going to be getting 68%+ ore for $80 a ton.
MGT share price, page-11857
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Last
13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.99M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 12.5¢ | $30.78K | 238.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14403 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 4154 | 2 |
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| Last trade - 15.44pm 12/11/2024 (20 minute delay) ? |
| MGT (ASX) Chart |