MGT 3.03% 16.0¢ magnetite mines limited.

The way I see this is if/when this company gets to production @...

  1. 222 Posts.
    lightbulb Created with Sketch. 5
    The way I see this is if/when this company gets to production @ say 50mt/year (admittedly a high level of production) then this company is good for (substantial) dividends for at least 100 years.

    You could argue that the average income for the company over the 100 year time frame per year is 3 billion dollars as a ballpark figure.....just for arguments sake, that maybe conservative or it might be to generous? Who knows but you get the idea, at an annual expenditure counting wages, maintenance and other sundries etc. of say an average of $500 million per year, that leaves $2.5 billion to be payed in dividends.....well all that sounds a little crazy at this point........but if its even remotely possible, I wont be selling a single share!!!

    And with that mentality....5.6cents......6.5cemts......10centsa....7.1cents....lol WGAF I gotta ask!!

    Early days though.....good luck everyone,,,,,we are on a WINNER!!
 
watchlist Created with Sketch. Add MGT (ASX) to my watchlist
(20min delay)
Last
16.0¢
Change
-0.005(3.03%)
Mkt cap ! $18.45M
Open High Low Value Volume
16.8¢ 16.8¢ 16.0¢ $44.37K 273.9K

Buyers (Bids)

No. Vol. Price($)
2 2953 16.0¢
 

Sellers (Offers)

Price($) Vol. No.
17.0¢ 321715 2
View Market Depth
Last trade - 15.09pm 01/11/2024 (20 minute delay) ?
MGT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.