It's nNot unreasonable for a single-mine operation to trade at a lower multiple of earnings, given the risk of those earnings evaporating as a result of a single event... Like the sea wall collapse.
That said, plenty of upside in MGX, but I don't see it on the basis that it's undervalued relative to a so-called peer like FMG, which is really no peer at all.
It's nNot unreasonable for a single-mine operation to trade at a...
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Last
36.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $444.6M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.0¢ | 36.5¢ | $244.0K | 664.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 118094 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 50000 | 2 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |