Yes that's my estimate based on 'reserves' that were 16Mdmt at 30Jun22 and will probably be 12Mdmt at 30Jun23 when they're published soon. So I've got them selling around 4.35Mdmt for each of the next three years that equals around 13Mdmt so that comes from a current stockpile of around 1Mdmt plus 12Mdmt in current reserves.
Some investors are hopeful that some of the current 'resources' over and above the 'reserves' will be converted to 'reserves' during the next three years but that remains problematical IMO.
Yes that's my estimate based on 'reserves' that were 16Mdmt at...
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Last
43.5¢ |
Change
-0.010(2.25%) |
Mkt cap ! $529.9M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 45.0¢ | 43.3¢ | $380.4K | 870.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 541429 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 41917 | 5 |
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| Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |