MTGRF (MGX Resources) Construction In Progress: $0.0 Mil (As of Dec. 2025)

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MTGRF MGX Resources Ltd MTGRF
50 GF Score
Price $0.26
GF Value $0.24
! 2 Warning Signs
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What is MGX Resources Construction In Progress?

MGX Resources MTGRF 50 Construction In Progress is $0.0 Mil as of Dec. 2025. GuruFocus rates MTGRF with a GF Score™ of 50/100 and a GF Value™ of $0.24. The stock has 2 warning signs investors should review.

MGX Resources's quarterly construction in progress increased from Dec. 2024 ($0.0 Mil) to Jun. 2025 ($0.3 Mil) but then declined from Jun. 2025 ($0.3 Mil) to Dec. 2025 ($0.0 Mil).

MGX Resources's annual construction in progress declined from Jun. 2023 ($7.5 Mil) to Jun. 2024 ($6.2 Mil) and declined from Jun. 2024 ($6.2 Mil) to Jun. 2025 ($0.3 Mil).

MGX Resources Construction In Progress Historical Data

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The historical data trend for MGX Resources's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

MGX Resources Construction In Progress Chart

MGX Resources Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.48 2.60 7.47 6.20 0.26

MGX Resources Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 6.20 0.00 0.26 0.00
MTGRF
50GF Score
MGX Resources Ltd MTGRF
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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MGX Resources Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of $0.0 Mil mean?
MGX Resources (MTGRF) has a Construction In Progress of $0.0 Mil as of Dec. 2025. Construction in Progress records the amount of construction work that is not complete. View historical data on MGX Resources and its competitors.
Is MGX Resources' Construction In Progress too high?
MGX Resources' current Construction In Progress is $0.0 Mil. Overall, MGX Resources has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does MGX Resources' Construction In Progress compare to NUE and STLD?
MGX Resources' Construction In Progress of $0.0 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Steel company?
A good Construction In Progress depends on the Steel industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on MGX Resources and its competitors. MGX Resources's current Construction In Progress is $0.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGX Resources stock overvalued right now?
MGX Resources (MTGRF) has a current Construction In Progress of $0.0 Mil. The stock's GF Value™ is $0.24, compared to a current price of $0.26 — trading 7.7% above its estimated fair value. The current Construction In Progress is $0.0 Mil. MGX Resources' overall GF Score™ is 50/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For MGX Resources (MTGRF), the current Construction In Progress is $0.0 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is MGX Resources (MTGRF) Overvalued in 2026?

Based on GuruFocus' analysis, MGX Resources stock appears to be overvalued. The current stock price of $0.26 is trading 7.7% above its estimated GF Value™ of $0.24.

Key valuation signals for MTGRF:

  • Construction In Progress: $0.0 Mil
  • GF Value™: $0.24 vs. price of $0.26 (7.7% above fair value)
  • GF Score™: 50/100 with 2 warning signs

No single metric tells the full story. See the MTGRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

MGX Resources Business Description

Other Exchanges MGX:Australia
Address 2 Kings Park Road, Level 1, West Perth, Perth, WA, AUS, 6005
MGX Resources Ltd is an Australian mining company. The company's flagship production asset is the Koolan Island mine in WA's Kimberley region. The Company also holds precious and base metals exploration tenements in the Mid-West and Gascoyne regions of Western Australia. Its other projects include the Central Tanami Gold Project and the WA Exploration - Tallering Peak and Edmund Basin.
50GF Score

Get the complete analysis for MTGRF

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.26
Price
$0.24
GF Value