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20:48
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Originally posted by 1912
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Chillaxed - a big day today..."will" "may" "marketing" which I think MGT can always do better initially when compared to what the Pilbara iron ore producers faced when they started) cost of production the end sale price (usually new projects have an offtake agreement in place with a purchaser/s) and of course very variable 50% return of an annual surplus of say US$75m For me these maybe very low numbers and the exchange rate is variable (note FMG produce at US$13 pt plus or US$116m for 50% of the project or @ 71.5% to the $ = A$160m pa however what is known IMO Barry Fitzgerald in his * Mining Paper either a combination of a major player entering the market and/or day traders. "farm in offer" future market cap of from around $220m) all IMO - I'm not an advisor - do your own homework. I have been out most of the day and have sat down to pen this after trading closed today, the strength of which has surprised me.
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You never know, we might see Twiggy Forest as an ititial substantial holder in the next few days........440m shares traded in 2 days.
Last edited by
bahar :
11/08/20
(20min delay)