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
- Forums
- ASX - By Stock
- MGX
- Mount Gibson - resources released
Mount Gibson - resources released
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MGX (ASX) to my watchlist
|
|||||
Last
41.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $498.1M |
Open | High | Low | Value | Volume |
41.0¢ | 41.0¢ | 40.5¢ | $44.68K | 109.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 82144 | 41.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
41.5¢ | 159015 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 55675 | 0.405 |
15 | 164214 | 0.400 |
10 | 328300 | 0.395 |
12 | 378634 | 0.390 |
5 | 93274 | 0.385 |
Price($) | Vol. | No. |
---|---|---|
0.410 | 46726 | 17 |
0.415 | 140068 | 11 |
0.420 | 349902 | 13 |
0.425 | 152867 | 4 |
0.430 | 118785 | 9 |
Last trade - 10.19am 21/06/2024 (20 minute delay) ? |
Featured News
MGX (ASX) Chart |
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Chairman
Nick Poll
Executive Chairman
Previous Video
Next Video
SPONSORED BY The Market Online