At 25k we have a profitable mine (using free cash flow which accounts for 50% of my expected forward capex). If 25k is sustained over next month or two 22.5 looks reasonable on an earnings basis. At 30k (sustained) speculation comes in. 40 not out of the question.
I'm expecting CMGP to be sold for circa 120m to 140m. The numbers in the DFS were ok but will look better for acquirer with infrastructure in place. CAPEX a bit high as a stand alone prospect for me.
JT
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Last
66.0¢ |
Change
0.045(7.32%) |
Mkt cap ! $585.0M | |||
| Open | High | Low | Value | Volume |
| 61.5¢ | 66.5¢ | 61.0¢ | $3.412M | 5.281M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 88655 | 65.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 66.0¢ | 6834 | 1 |
View Market Depth
| Last trade - 16.16pm 11/07/2025 (20 minute delay) ? |
| MLX (ASX) Chart |