MGT share price, page-10593

Hi Franciscus,

I agree that $600m isn’t an insurmountable amount of money to raise, and you are right there are plenty of miners tipping larger sums than that into projects.

The challenge for MGT and HIO is their size. They are big companies with solid revenue streams, but are in the $100-130m market capital range with limited to no collateral to borrow money against. They will both need to be out there drumming up interest and getting as many people as they can wanting a piece of their action and getting the banks to believe this is a sure thing.

I like both MGT and HIO and hold both as highly speculative stocks which if they get off the ground will deliver extraordinary returns. The problem will be turning their DFS/BFS into producing mines. It is going to be a wobbly ride for the next year before we see real movement imo, but each activity will take a step forward to derisking the projects and increasing the likelihood of turning these dreams into reality.