MGT share price, page-10159

I'm not sure if they will need 200m to get the rest of the funding but basically $50 million for every 10%. stake.
the higher the iron ore price goes up the higher our share price will go making our dilution smaller. Although the HIO deal doesn't look great I think they have done it in a way that hedges their bets. If a better deal comes along due to a booming magnetite trend then they don't have to touch the $200 million and they haven't lost much. Either way this is great news for MGT as having other magnetite mines in the area is a massive positive and it will bring more interest into our company. If we can get our market cap up to 200-300 million before we look at funding then our dilution will be a lot less significant.