Why I’m investing in MGT? To make money is the bottom line.
1. Estimate annual revenue: 5.53mt/year * $150/ton = $828 million/year, this premium price for 58-59% Fe.
2. Estimate annual profit: $828 million - $254.78 million (OPEX) = $573.22 million
3. Apply PE ratio (10): $573.22 million * 10 = $5.732 billion.
4. Divide by total shares (77 million): $5.732 billion ÷ 77 million = approximately $74.44 per share.
Yes the shares on off will increase, this was why or part of the reason for consolidation, who would invest in a small cap with billions of shared, I know I don’t.
Even if our shares doubled to 152 million shares, the price then is $37.22c per share.
If becoming a millionaire was easy, we’d all be millionaires right now, nothing comes easy.
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Last
33.0¢ |
Change
-0.045(12.0%) |
Mkt cap ! $32.48M |
Open | High | Low | Value | Volume |
37.0¢ | 37.0¢ | 31.0¢ | $61.16K | 180.2K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 15000 | 32.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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34.5¢ | 30000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 15000 | 0.325 |
1 | 5000 | 0.310 |
1 | 8000 | 0.305 |
2 | 19800 | 0.300 |
1 | 3659 | 0.270 |
Price($) | Vol. | No. |
---|---|---|
0.345 | 30000 | 1 |
0.355 | 4503 | 1 |
0.375 | 9812 | 2 |
0.380 | 5416 | 2 |
0.390 | 22785 | 2 |
Last trade - 15.58pm 12/06/2024 (20 minute delay) ? |
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Last
32.5¢ |
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Change
-0.045 ( 12.2 %) |
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Open | High | Low | Volume | ||
36.5¢ | 36.5¢ | 32.5¢ | 39778 | ||
Last updated 15.58pm 12/06/2024 ? |
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