Yeah it's extremely good for a junior, very promising for a 30+ year mine life.
what 95% of people have missed is that MGT did NOT include the premium price into their long term iron ore price. They said $110us/t at the market price for 62%. So what none of the downrampers have accounted for is our premium price making this look extremely attractive (ie at $110 market price we could be selling at betweej $130 and $145/tonne). I assume they may include this closer to production date potentially in DFS or BFS.
and also include what Bullish trends said above, that $54 OPEX cost is based in a 23% contingency, so we could be producing at $40/tonne and selling for $130/tonne at a $20 premium to the market.
Ann: Positive PFS Results for Razorback Iron Ore Project, page-680
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