Well well aren't we easily ticked off. I didn't come to the MGT thread, you came to the HIO thread, so maybe keep it decent?
First of all, I see you have fully ignored all my valid points and focused on the one you think you know better. You ignored my points about being close to Broken Hill, the landscape they are in and being close to infrastructure. And mainly the simple benefits of scale!
Every communication from HIO the company has talked about soft ore so that term is correct regardless of other more technical terminology you may prefer. Good enough for HIO is good enough for me.
And the idea that ore that you can literally scratch apart (as per a video posted by HIO called Ores aint Ores, look it up on YouTube) is just as abrasive on the machinery as hard rock magnetite mined in WA is simply laughable, regardless of your obvious biased opinion.
As to MGT. I hope its share holders do fine. I haven't bee following it closely lately. I have heard your numbers before but I don't believe them to be correct. They don't match with the payback period as stated in the original PFS and MGT has never clarified its very hard to read PFS. I don't think there is anything to clarify and they certainly haven't been as proactive in keeping their share holders informed. But I am pretty sure the $54 per ton is on a 62% and they assumed a $25 grade premium for the 68% concentrate they produce. So that comes to $79 per ton and those numbers do line up with the stated payback period. But either way goodluck.
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