Legendary and Pete,
Appreciate your comments but a couple of things.
1. The change in tax laws means now that prestripping can't be capitalised. As such it becomes a straight operational cost.
2. Add the 50m pre-strip to the sustainance and maintenance and you get at least 100m cash outflow here.
I acknowledge that its one (if not the best value I/O play but just want to make sure that peoples expectations of increasing cash at bank to match their market cap is not going to happen.
cheers
the fundamentals, page-8
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MGX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
28.0¢ |
Change
0.005(1.82%) |
Mkt cap ! $341.1M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 29.0¢ | 28.0¢ | $224.7K | 796.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 132300 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.5¢ | 103176 | 2 |
View Market Depth
| Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
| MGX (ASX) Chart |