MGT magnetite mines limited.

MGT's TRUE In-Situ VALUE of ORE What is it?

  1. 3,781 Posts.
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    So what is the true in ground value of MGT's ore???

    Thus far MGT has a JORC of nearly 4 BILLION TONNES of ore.

    They have a massive tenement and I am sure this amount will increase with more drilling.

    Now what is the true value of MGT's In-Situ ore.

    Is it 0-01c/tonne?
    Is it 50c/tonne?
    Is it $1-00/Tonne?
    Is it $5-00/tonne? or
    Is it $17-00/tonne?

    Now lets try and calculate what the market cap/share price would be for each level based on the In-Situ value per tonne ore.

    At 0-01c/T x 4 billion tonnes = $400m value divided by 201m shares on issue? = 20c per share (current share price only 0-001c)
    At 50c/T x 4billion tonnes = $2B value divided by 201m shares on issue? = $10 per share
    At $1-00/T ????????????
    At $5-00/T ???????????
    At $17-00/T ????????

    So is MGT's undervalued at its current share price??

    One would have to seriously believe so IMO.

    https://hotcopper.com.au/data/attachments/2373/2373142-5b65daef4c09f68a49621278e81127c4.jpg

    https://www.asx.com.au/asxpdf/20200318/pdf/44g5m4s1rx740r.pdf
 
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Last
8.3¢
Change
-0.005(5.68%)
Mkt cap ! $10.04M
Open High Low Value Volume
8.4¢ 8.4¢ 8.1¢ $3.464K 41.82K

Buyers (Bids)

No. Vol. Price($)
1 8190 8.1¢
 

Sellers (Offers)

Price($) Vol. No.
8.3¢ 2240 1
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Last trade - 14.24pm 03/07/2025 (20 minute delay) ?
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