to me, what makes a project feasible is whether we can make it to production. To help with that assessment, management is trying to find the quickest/surest path to ensure that we keep our opex low (strip ratio/low impurities) + suitable product to satisfy the demand (DRII grade pellets). They are not only phasing out their expansion, but have also demonstrated that they want a high NPV so that we, shareholders, get rewarded. We went from 66% to 69.7% today. It will be a huge contributing to get our funding.
I'd rather this meticulous and careful approach vs "let's build a 20mt mine with a 200km+ slurry pipe!".
MGTs approach is very meticulous/calculated. I honestly like what I'm seeing but yes I can understand where you are coming from.
As a long term holder, I hope to see more of these announcements. Keep it up MGT.
Ann: Iron Peak Mineral Resource Significantly Improved, page-10
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Last
28.5¢ |
Change
-0.005(1.72%) |
Mkt cap ! $28.54M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 28.5¢ | 28.5¢ | $4.591K | 16.11K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 52890 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 55844 | 3 |
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| Last trade - 10.04am 04/07/2024 (20 minute delay) ? |
| MGT (ASX) Chart |