Appreciate that. I believe last time I ran some numbers on MGX with conservative AUD/USD level and Iron ore price, it still came up looking very very attractive below $1 a share.
Ofcourse cash flows are uncertain, but I think being conservative with the iron ore price you punch into model helps.
Short term Bottom hit?, page-33
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Last
32.3¢ |
Change
-0.003(0.77%) |
Mkt cap ! $392.5M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 33.0¢ | 32.0¢ | $268.8K | 826.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 404752 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 39755 | 15 |
View Market Depth
| Last trade - 14.53pm 09/10/2024 (20 minute delay) ? |
| MGX (ASX) Chart |