No, they don't. but a quick sum or two using these figures give s a ballpark estimate of margin:
"While major activities atKooIan Island were wound back, mine planning in December identified approximately 400,000 tonnes of accessible material grading 58-59% Fe in the Acacia East satellite pit on the northern side of the island. At current spot prices and exchange rates, the Company expects the mining and sale of this higher-silica material to generate a gross cash margin of approximately $5-10 million."
-so a margin of $12.50 to $25 per tonne. However, there is no indication of the market price range they expect to achieve.
Koolan... no-one can say with any assurance that they know or have a faint idea of the future of this pit, except that if low ore prices continue for a few years then its future as a mine is in doubt. Said by me with no assurance at all.
- Forums
- ASX - By Stock
- Quarterly
No, they don't. but a quick sum or two using these figures give...
-
- There are more pages in this discussion • 17 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
(20min delay)
|
|||||
Last
34.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $414.2M |
Open | High | Low | Value | Volume |
34.0¢ | 34.5¢ | 33.5¢ | $233.0K | 687.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 394685 | 33.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.5¢ | 187602 | 26 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 394685 | 0.335 |
13 | 168217 | 0.330 |
8 | 138598 | 0.325 |
7 | 179350 | 0.320 |
4 | 74123 | 0.315 |
Price($) | Vol. | No. |
---|---|---|
0.345 | 186207 | 25 |
0.350 | 58202 | 9 |
0.355 | 153362 | 6 |
0.360 | 138630 | 6 |
0.365 | 40000 | 1 |
Last trade - 13.32pm 09/08/2024 (20 minute delay) ? |
Featured News
MGX (ASX) Chart |