I believe it is imperative for them to go down HBI/pig iron road, if they did, my risk appetite would increase because I know the risk actually decreases when they announce something of this nature, and the long term expectancy.
would like to hear someone else's thoughts as I have spoken to a lot of top BHP advisors about this and the general consensus is the same, HIsmelt HBI biomass fueled plants are the way of the future, MGT would effectively be doing this
iron ore price becomes irrelevant, because then HBI sits at around 550-700 per tonne
effectively turning 1$ into 4$ or 5$ from their magnetite, instead of just selling the magnetite
WHERE IS MGT GETTING ITS 572 MILLION FROM, page-49
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Last
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $18.93M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 18.5¢ | $25.32K | 127.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 54545 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 81434 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| MGT (ASX) Chart |