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6.76%

39.5¢ magnetite mines limited.

We all will be retired Johnny boy, bring on that day... Dobson...

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Crabby33

698 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
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(20min delay)
Last 39.5¢		Change 0.025(6.76%)		Mkt cap ! $38.88M

Open	High	Low	Value	Volume
36.5¢	39.5¢	36.5¢	$217.0K	562.8K

Buyers (Bids)

No.	Vol.	Price($)
1	78098	38.0¢

Sellers (Offers)

Price($)	Vol.	No.
39.5¢	7499	1

View Market Depth

No.	Vol.	Price($)
1	78098	0.380
1	2285	0.370
1	10000	0.365
2	16569	0.360
1	1750	0.355

Price($)	Vol.	No.
0.395	7499	1
0.400	64581	6
0.410	3400	1
0.415	30000	1
0.425	2750	1

Last trade - 16.10pm 15/05/2024 (20 minute delay)


Last 39.5¢			Change 0.025 ( 6.76 %)
Open	High		Low	Volume
36.5¢	39.5¢		36.5¢	47176
Last updated 15.16pm 15/05/2024 ?

MGT (ASX) Chart

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