High grade (Fe 63% plus) hematite resources released today. Combined 27 mt for the KSM and Mt Gibson deposits. Reserves to some next month, but likely enough ore for 10 years at 2 mtpa. Once settlement with KSM administrators is achieved and reserves and financial parameters are finalised, should be little risk with this stock, assuming iron ore outlook is Ok for 2003-04. MGX were quoting about cashflow of AUD8 per tonne cash flow on Mt Gibson deposit; economics of KSM deposits are apparently better. Using a more conservative AUD6, this still gives the company a very low P/E (estimate 2-3) once it is production in about 9-12 months.
angus
i hold MGX
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Last
41.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $501.1M |
Open | High | Low | Value | Volume |
42.0¢ | 42.0¢ | 41.3¢ | $132.9K | 319.4K |
Buyers (Bids)
No. | Vol. | Price($) |
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15 | 255941 | 41.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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41.5¢ | 234442 | 6 |
View Market Depth
No. | Vol. | Price($) |
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14 | 233506 | 0.410 |
12 | 292826 | 0.405 |
12 | 397892 | 0.400 |
5 | 181600 | 0.395 |
9 | 256684 | 0.390 |
Price($) | Vol. | No. |
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0.415 | 256273 | 7 |
0.420 | 183319 | 7 |
0.425 | 61734 | 5 |
0.430 | 216813 | 11 |
0.435 | 194789 | 5 |
Last trade - 11.25am 05/06/2024 (20 minute delay) ? |
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Last
41.5¢ |
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Change
0.000 ( 1.19 %) |
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Open | High | Low | Volume | ||
41.5¢ | 41.5¢ | 41.5¢ | 73717 | ||
Last updated 11.37am 05/06/2024 ? |
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