M4M 5.88% 1.8¢ macro metals limited

Wouldn't be hard, and it wouldn't take long to get a mine going...

  1. 2,985 Posts.
    lightbulb Created with Sketch. 1242
    Wouldn't be hard, and it wouldn't take long to get a mine going either. Much quicker than some have suggested. You will recall that approximately 58 tonnes of Agbaja iron ore was delivered to Mintek for testwork back in 2018, it took the PW group no time to mine the ore for the company. It did sit around on the docks for about 2 months but that is because someone forgot to put in the paperwork to get it moving to South Africa for testing. It is easy to dig up, it is easy to transport, 10-20% discount on the IO price for our 41.3% FE, 2-3bt of resource easy to dig up. Sell 100,000 tonnes and at 20% discount the company receives 14mUSD, sure there are costs to come out but it generate enough cash to progress the BFS without further dilution and the sp would be a lot higher than it is now.
 
watchlist Created with Sketch. Add M4M (ASX) to my watchlist
(20min delay)
Last
1.8¢
Change
0.001(5.88%)
Mkt cap ! $58.17M
Open High Low Value Volume
1.8¢ 2.0¢ 1.8¢ $808.6K 42.96M

Buyers (Bids)

No. Vol. Price($)
5 1335881 1.7¢
 

Sellers (Offers)

Price($) Vol. No.
1.8¢ 4235202 4
View Market Depth
Last trade - 16.10pm 25/04/2024 (20 minute delay) ?
Last
1.8¢
  Change
0.001 ( 4.65 %)
Open High Low Volume
1.8¢ 2.0¢ 1.8¢ 19911385
Last updated 16.10pm 25/04/2024 ?
M4M (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.