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37.0¢ magnetite mines limited.

Understanding the demand for Green Steel, page-498

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Crabby33

696 Posts.

278

05/12/23

18:19

Post #: 71286691
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Originally posted by BigJohn1: ↑

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.

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We all will be retired Johnny boy, bring on that day... Dobson would also be worth his 500k a year salary

MGT Price at posting: 29.5¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 37.0¢		Change 0.000(0.00%)		Mkt cap ! $36.42M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	3	37.0¢

Sellers (Offers)

Price($)	Vol.	No.
37.0¢	1800	1

View Market Depth

No.	Vol.	Price($)
2	3	0.370
2	16569	0.360
2	54000	0.350
1	5900	0.345
2	20300	0.340

Price($)	Vol.	No.
0.370	1800	1
0.380	10107	2
0.385	5900	2
0.390	10000	1
0.395	40556	2

Last trade - 09.00am 15/05/2024 (20 minute delay)


Last 36.5¢			Change 0.000 ( 1.35 %)
Open	High		Low	Volume
36.5¢	36.5¢		36.5¢	2360
Last updated 10.05am 15/05/2024 ?

MGT (ASX) Chart

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