Market cap is $248m and initial production will generate $296m per annum profit based on understated factors. The investment will be a hurdle likely a combination of government incentive and loans as well as institutional placement to secure private borrowing. The banks can see that the $570m capex can be repaid within 5 years. They will lend based on this and the product being sold is high grade, so best placed for green steel.
Market cap is $248m and initial production will generate $296m...
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26.5¢ |
Change
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Mkt cap ! $26.08M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.5¢ | 26.5¢ | $64.47K | 241.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 25438 | 1 |
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| Last trade - 15.51pm 28/06/2024 (20 minute delay) ? |
| MGT (ASX) Chart |