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Macarthur Minerals Limited (MIO.AX)

ASX - ASX Delayed Price. Currency in AUD
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0.18000.0000 (0.00%)
At close: 01:12PM AEDT
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  • d
    david
    For those new to MM look at Champion Iron. The only other pure play in the iron ore space. MM will have similar rev profile when in full production of their already proven reserves. Champion trades at $2.5B cap. MM less than $100m. Do the math.
  • D
    Darren
    recent deal means long term earnings of $1 per share. and it was a "binding contract". just need to wait until they get the financing for the mine. then this stock could fly..especially if iron ore prices hold up
  • P
    Paul
    does anyone have a timeframe for the mine funding approval an actual production start dates. or any idea when might we start seeimg some sort of a return
  • C
    Chris
    Based on my own numbers, this project will generate roughly $2 billion operating profit (and $6 billion in revenue) in the first 10 years from the commencement of production at the site. The site has a 50-year mine life. That's nothing to sneeze at. Current valuations can only reflect anxiety about whether Macarthur can execute effectively on the plan.
  • d
    david
    this is not going to be short ride. If Macarthur trades at same market cap as Champion Iron, which is should eventually, this is a $10 stock.
  • C
    CountryBoy
    Cobalt and Lithium remain absolutely necessary for the future of EVs as well as any other product relying on energy storage in batteries- The current supply is no where close to where the demand will be- companies like MMS can truly capitalize if they get their ducks in a row. Have followed the reports from SmallCapCanada, they do an excellent job of profiling the hidden gems from across the Canadian markets- a really good resource for investors. Best of luck this week- SmallCapCanada
  • D
    D
    Holding this long term
  • S
    Sam
    this is gonna rocket up on Monday
  • k
    kenny
    Macarthur Minerals Ltd is an exploration and development company. It is focused on identifying gold, nickel and developing high-grade lithium, as well as countercyclical investments with significant lithium exploration interests in Australia and Nevada. In addition, the group has two Iron Ore projects in Western Australia; the Ularring hematite project and the Moonshine magnetite project. Geographically, it operates through the region of Australia.
  • d
    david
    For those uncertain of what they are holding: Macarthur is a mineral discovery moving to production company. They own a generational supply of high quality iron ore. Their supply and revenue timeline is very similar to Champion Iron. Champion trades at a $1.4B market cap. Do you understand now?!
  • T
    Tom
    Green green 😎👍
  • G
    GoodFella
    Love the potential here! Will hold long
    Bullish
  • Y
    Yolo
    halted? finally good news?
  • J
    Jose
    I bought Friday 1500 shares at 7 cents if it goes to a buck should I sell or should I hold long term
  • J
    Jacob E. Zaba
    I'll take a 50% increase anyday !! ( Canadian market )
  • M
    MdwstQT
    Nice upside this Monday!
  • B
    BrandonBoddy
    Could be a bullish run but be ready to dollar cost average
    Neutral
  • m
    maksim
    Will buy dips. Couldn’t imagine how much money it will return in couple years... if they will make 400mils a year it’s 100 times bigger market cap, means if you put 1000$ now it will be 100000 after)
  • k
    kenny
    Macarthur Minerals Limited (CVE:MMS) (ASX:MIO proposed) has attracted strong interest in its proposal to list on the ASX and this is supported by a buy recommendation from Breakaway Research along with a 6-month price target of 43 cents.
  • C
    Chris
    This is a big deal: https://www.globenewswire.com/news-release/2019/05/16/1826149/0/en/Macarthur-Minerals-Announces-Glencore-Participation-in-Financing.html

    Glencore putting up its own money to move the Bankable Feasibility Study forward. Their only skin in the game so far has been to agree to take-off any ore Macarthur pulls out of the ground. Now they're committed to helping get those mines into place! A huge step forward in Glencore's commitment to this project!
    Macarthur Minerals Announces Glencore Participation in Financing
    www.globenewswire.com
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