We are talking about initial cost of building the mine, not running costs. This is the cost required to get mgt into production, it would likely be over 1 billion dollars now and the market cap would reflect this in the share price, Say the shares on offer remain the same, this would potentially put SP at between $10-$12 dollars not including any dilution. I’m no expert in this area but if share prices reached $12 dollars in the first year of production I’ll be officially retired from my day job.
This is the reason most of us are here investing and taking the risk that comes with these junior companies.
Understanding the demand for Green Steel, page-497
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Last
39.0¢ |
Change
-0.020(4.88%) |
Mkt cap ! $38.38M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.0¢ | 38.5¢ | $19.36K | 48.47K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15778 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 1250 | 1 |
View Market Depth
| Last trade - 15.54pm 31/05/2024 (20 minute delay) ? |
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Last
39.0¢ |
Change
-0.020 ( 2.50 %) |
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| Open | High | Low | Volume | ||
| 40.5¢ | 41.0¢ | 38.5¢ | 28493 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| MGT (ASX) Chart |