MGT share price, page-10132

Last post before Christmas...

Unlike some, I have been employed in the mining / quarrying industry for most of my adult life. I have the schooling and experience to discuss projects like MGT at great length.
Some posters to this thread seem to know very little to the beneficiation process of magnetite and continue to refer to the costing difference between 62% to 65% magnetite beneficiation. Obviously knowing the process, to suggest a meaningful increase in production cost is laughable.

For all investors interested in MGT, first, you must understand what "Head Grade" beneficiation refers to;

Consider Razorback has a deposit ranging from 15% - 25% magnetite (or impurities of 75-85%).
For this example I suggest a crushing circuit with a capacity of 15 million tons per annum.
If you are feeding the crushing circuit an averaging head grade of 15% magnetite (85% impurities) the maximum finished product you will achieve is 2.25 million tons per annum. Feeding the same crushing circuit a head grade of 25% magnetite (75% impurities) you will achieve a finished product 3.75 million tons. this represents another 1.5 million tons with no extra power costs, component wear costs or handling costs. At these production levels I would suggest $54 USD all in cost will be massively reduced.
Consider pure Magnetite has an iron content of 72.4% we are aiming to have a finished product of 93-95% pure magnetite.

So what are the options for increasing the "Head Grade"?

Selective mining. (Hence the current drilling program). Process the highest grade, easy accessible ore first. MGT (Razorback) has a super low over burden. Overburden is a huge cost associate with most mines, (adding to head grade beneficiation costs this is a huge advantage that has not been discussed in much detail).

"NextOre" Separating high grade from low grade on the infeed conveyor (usually post the primary jaw crusher, prior to the secondary cone crusher) has huge potential to increase the crushing circuit's throughput. (Time will tell how beneficial this technology is).

Magnetic separation has been used for years including magnetic head drums on stockpile conveyors. For years, this in itself has been successfully used to create two stockpiles from the one conveyor. One stockpile of high iron product and one of low iron product.

Silica content is an impurity that is a huge cost adder to a crushing circuit's maintenance and down time. Crushers, screens and associated equipment all use Manganese (Steel) wear liners that "Work Harden" with the impact of rock throughput. Silica is an abrasive found in most ores at different concentrates. High silica in your ore = faster wear (huge maintenance down time).

Once the ore is crushed to it's required size it will then stockpiled prior to entering a "Ball Mill". The infeed to the ball mill can again be subjected to beneficiation processes (magnetic separation) to improve the grade and increase the overall throughput...

Investors, do you own research, understand what you are investing in... My advice is not to listen to anyone who can not backup comments with actual evidence, without evidence comments are nothing more than opinions.....