I guess that there is always a big risk when we buy into an explorer they will spend heaps on drilling wages ect make very promising statements and then go broke. We buy in on the hope they will make it to production and we can make a big capital gain. The past for Razorback is not very inspiring from what you say and I knew it failed in the past but like many listened to the spin which to me made sense. Why would we not believe that MGT could get into production? It does have a very large resource of high quality ore. We are told that high quality magnetite will be in demand in demand. We read it and not just from MGT. It all depends on the DFS and having backers willing to put up the big dollars. I know if we do go ahead there will be dilution but for goodness sake our market cap is 47 million so there could be lots of dilution and still be good for us. Just because we haven't had a takeover offer from one of the big boys doesn't say we can not be successful. You Pavlovas are the bright one for now. I should have sold out as soon as the consolidation was announced. Never learn.
Add to My Watchlist
What is My Watchlist?
