Ann: Magnetite Mines Confirms Benefits of Expansion at Razorback, page-42

re iron peak, from 2nd quarter A and C/
We should not underestimate Iron Peak as shareholders.
There is a lot more to this story, and we're going to watch it play out.
We're increasing the bargaining power of our assets significantly with this update.

No doubt Sam is waiting for these results too, and will probably have more a clear picture of what to bargain with.
The reality is these next few months are going to be about defining the most value of our project re bargaining power.
Part of that picture will be the ESG stuff etc, including the wastewater option they've identified (absolutely excellent move btw).

DFS is of course the cake, with all that stuff as ingredients/part of the icing.

Also i just want to clarify our schedule re the March 2022 Pres on website
Christmas is when its all happening guys;


Also, it looks like they're laying down the groundwork now for lenders/equity.
To be clear, MGT have stated that they've already got offers etc. They may even have some really desirable ones.
However, re best practice they've included this slide as we want to get our best deal.
My gut tells me they won't announce anything until Christmas.
It would be the smartest move, and would let industry approach them with interim offers... who knows, we might get a last minute RIO deal, etc.



Guys i Just want to emphasize that there is absolutely redonkulous value here.
Even with a very, very poor deal (extremely unlikely re global demand for our product),
we have the groundwork being achieved to set us up for a share price many, many multiples of here by christmas.
We just need to wait.
And i think that's going to be the hardest part, for many.
But this is the time to get in, I think.

Ukraine situation is stalling, and i have my fingers crossed for neutrality talks etc in next weeks..
if this happens, market will have a massive weight lifted off it/ should see much less volatility.
Rate hikes will be interim blips, but won't affect global markets nearly as much as the weight of potential war will/

Irregardless, really looking forward to this Iron Peak update.
and lets not forget Muster Dam, on which a work program will commence as soon as we have the official granting.