The heads agreement was released to market after repeated calls from large volume holders requesting to know who was interested. The heads agreement protects both parties as they continue to negotiate.
In regards to the timeline of the heads agreement, I cannot answer that. I’ve only been involved in leasing/sale arrangements, but what I do know is that both parties will be trying to protect their ongoing interest. JFE will want to make sure they know how much they get, what protections are in place if the mine is a no go etc. There will be a ton of conditional targets that MGT will have to meet along the way to continue to unlock funding.
pitching MGT against ROY is a childish and foolish statement. They are both approaching entirely different markets.
SA/AUS are both looking to increase industry as we cannot rely on WA and immigration to keep the economy afloat. SA has positioned itself as a crucial point in the market. I’m saying that, many large steel producers/ore miners have looked to move to arc furnaces. They want clean briquettes.
I agree, capex will be huge and MGT don’t have anything to sell except the future. This is a big challenge to overcome. There are many international articles published with countries and big business looking to secure there way out of carbon taxes. Carbon taxes will change the game.
MOU's are progress, they give you the building block to proceed forward quickly. Specifically ESG items that play a huge role in the future of mining in tier 1 jurisdictions.
im not saying you will be wrong, but there is more to play out that what any small time investor is astute to.
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