I would like to see consolidation around 8 cents pre pfs to provide some certainty before converting the OC options which expire in May. Of course, I would also love to see us 10 cents plus prior to PFS which I still believe is possible given the resources we have and the prices of.iron ore continuing to head North.
Right now, who knows but we have the momentum at the moment. Would like to see this continue through the entire quarter.
Of course, a special PFS could see us re-rate again. Remember the old PFS there was based on an iron ore rate way less than half of the current value. We also now have amazing sorting technology in NextOre and we have come a long way in regards to power, water etc.
Capex will be significant, there is no denying that but I believe our management team will either negotiate an excellent deal with a JV or an institutional capital partner.
This is just the beginning fof the MGT story.
I would like to see consolidation around 8 cents pre pfs to...
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Last
32.0¢ |
Change
0.005(1.59%) |
Mkt cap ! $31.49M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 41.0¢ | 32.0¢ | $230.3K | 641.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 24692 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 13273 | 1 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
33.5¢ |
Change
0.005 ( 6.86 %) |
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| Open | High | Low | Volume | ||
| 32.0¢ | 41.0¢ | 32.0¢ | 101538 | ||
| Last updated 15.55pm 06/05/2024 ? | |||||
| MGT (ASX) Chart |