I personally think Champion Iron is a closer future comparison, as FMG started at around 24Mtpa shipped in 2008 from memory.
CIA have just hit 8Mpta of similar high grade product to MGT and have a market cap of $3.97B. Even with 100% dilution (hopefully not, but who knows) the numbers are compelling if MGT gets off the ground.
Looking forward to seeing the go-forward case in a few weeks.
I personally think Champion Iron is a closer future comparison,...
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Last
25.5¢ |
Change
-0.005(1.92%) |
Mkt cap ! $26.06M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 26.0¢ | 25.5¢ | $7.843K | 30.66K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 54153 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 9600 | 1 |
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| Last trade - 13.43pm 02/08/2024 (20 minute delay) ? |
| MGT (ASX) Chart |