It is important that people take the time to read company announcements.
The Joint Venture with Norton Gold is $20m for 19.9% of the Mt Forrest Iron Ore project and the $20m goes towards funding of exploration works at it.
Going by this, Norton Gold value the Mt Forrest project at $100m so Mindax’s 80.1% stake is therefore worth $80m only according to the figures in this JV.
Cant value their gold project until drill results come back as drill results completed in 2013/2014 were a bit hit and miss.
Sorry, page-8
Add MDX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
5.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $102.4M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40673 | 4.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.0¢ | 36500 | 1 |
View Market Depth
| Last trade - 16.12pm 09/09/2024 (20 minute delay) ? |
| MDX (ASX) Chart |
Day chart unavailable