Any idea how much is MGT worth if someone buy over its mining right?
Just google and found out Clive Palmer sold his magnetite mining right of 2 billion ton resource to Citic with upfront $415m payment plus royalty. The whole deal is about $5 bn. Citic made about $2 bn profit last year.
Now look at what we have. Resource at Razorback and Master Dam combined is 5 billion ton and Tim said that is only 10%! As the demand for Magnetite Iron Ore increases tremendously till 2050, I think MGT is going to be well sought after target as strategic partner or buyout.
So, why keep the thought of dilution coming into your mind. We are sitting on a treasure island that could be worth billions of dollars...if suitors come by. And hence, that's why Tim has just set up his Sydney office.
Someone obviously see the same thing I see and have been accumulating even on very bad day as everyone is still asleep. LOL.
MGT share price, page-12373
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Last
18.0¢ |
Change
-0.005(2.70%) |
Mkt cap ! $18.41M |
Open | High | Low | Value | Volume |
19.0¢ | 19.0¢ | 18.0¢ | $22.30K | 121.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 96369 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.0¢ | 16383 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 96369 | 0.180 |
3 | 56500 | 0.170 |
1 | 1200 | 0.165 |
1 | 20000 | 0.160 |
1 | 20000 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 16383 | 2 |
0.195 | 74058 | 2 |
0.200 | 6530 | 1 |
0.210 | 15000 | 1 |
0.220 | 3773 | 1 |
Last trade - 15.37pm 10/09/2024 (20 minute delay) ? |
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