MGT 4.41% 32.5¢ magnetite mines limited.

Ann: Third Quarter Activities & Cashflow Reports, page-80

  1. 2,916 Posts.
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    This.

    Highly likely we'll be waiting for DFS before any finance/JV/funding action. Then it'll likely all be happening.
    This company has it all. Its got the resource, the set-up, and the metrics to back it all up.
    It's even got the expansion planning.
    it has every single element a big buyer could want.

    Can you guys imagine the discussion over a table???

    "Hey do you have renewable energy and water to make us a green operation? Because that's what everyone is looking for".
    "Yes, pending DFS".
    "Do you have more top-tier, high quality magnetite than we will ever see in our lifetime?"
    "Yes. Fields and fields".
    "do you have the infrastructure in place to support the operation?"
    "Yes, pending DFS"
    "Is it profitable and competitive with other developing operations?"
    "Big yes. Waiting for DFS confirmation".
    "How about your team? Are you well-staffed to ensure conducive operations with not just mining expertise but community and jurisdictional navigation?"
    "Yes".
    "What advantages do you present over other mag developers?"
    "We'll be readily operational with our small CAPEX and existing infrastructure".
    "I see... but do you have 70% super-jizz 5000-"
    "yeah we do. It's called muster dam. We'll get there in a few years, after we've created a strong profit base with the great quality mag we already have JORC'd."
    "Okay. Well. What are we waiting for?"
    "...DFS".

    Just need to sit on our haunches now as things progress.. and they are progressing.

    Anyone who calls our management underperforming hasn't read our quarterly, or does not have the ability to interpret a quarterly.
    I did my best the other day as our resident fanboy to point out some of the bigger stuff.
    But, that's all I can do.
    Last edited by MrStrengths: 30/04/22
 
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