Great Article, future is looking good.
“I would never put a cap on where prices can go,” said Tribeca Global Natural Resources portfolio manager Ben Cleary. “Customers’ margins are increasing, not decreasing, and so there’s definitely runway to go to $US200 [a tonne].”
“The thematic of China wanting to close down higher-emitting capacity and therefore seek higher grade ore into their existing capacity is absolutely going on, and Australia is really well placed, given it’s generally got higher grade iron ore,” said Mr Cleary.
MGT share price, page-4953
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Last
31.5¢ |
Change
0.045(16.7%) |
Mkt cap ! $31.00M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 31.5¢ | 27.0¢ | $149.6K | 518.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5000 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 33790 | 2 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
31.5¢ |
Change
0.045 ( 18.9 %) |
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| Open | High | Low | Volume | ||
| 27.5¢ | 31.5¢ | 27.5¢ | 45119 | ||
| Last updated 15.56pm 03/05/2024 ? | |||||
| MGT (ASX) Chart |