High grade (Fe 63% plus) hematite resources released today. Combined 27 mt for the KSM and Mt Gibson deposits. Reserves to some next month, but likely enough ore for 10 years at 2 mtpa. Once settlement with KSM administrators is achieved and reserves and financial parameters are finalised, should be little risk with this stock, assuming iron ore outlook is Ok for 2003-04. MGX were quoting about cashflow of AUD8 per tonne cash flow on Mt Gibson deposit; economics of KSM deposits are apparently better. Using a more conservative AUD6, this still gives the company a very low P/E (estimate 2-3) once it is production in about 9-12 months.
angus
i hold MGX
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Last
42.5¢ |
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Mkt cap ! $516.3M |
Open | High | Low | Value | Volume |
42.0¢ | 43.0¢ | 41.0¢ | $564.4K | 1.342M |
Buyers (Bids)
No. | Vol. | Price($) |
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6 | 124914 | 42.0¢ |
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Price($) | Vol. | No. |
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42.5¢ | 28018 | 2 |
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No. | Vol. | Price($) |
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6 | 124914 | 0.420 |
5 | 111568 | 0.415 |
9 | 254989 | 0.410 |
6 | 159685 | 0.405 |
10 | 260575 | 0.400 |
Price($) | Vol. | No. |
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0.425 | 28018 | 2 |
0.430 | 258532 | 13 |
0.435 | 185506 | 7 |
0.440 | 129449 | 5 |
0.445 | 102001 | 6 |
Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
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Last
42.0¢ |
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Change
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Open | High | Low | Volume | ||
41.5¢ | 43.0¢ | 41.5¢ | 200267 | ||
Last updated 15.59pm 03/06/2024 ? |
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