Ann: Update on Razorback Farm-In Offer, page-6

3,900 Megatons is the same as 3.9 Billion.

Here's some rough calcs on value:

65% iron ore currently trading at US$128 per ton. (MGT will produce higher grades of up to 70% at a premium so this is being conservative)

MGT Ore grade is 19% which they have 3.9B tons of.

Convert 19% to 65%:
65/19 = 3.42
3.9B/3.42 = 1.14B @ 65% Fe

1.14B x US$128 = My calculator just broke haha

Correct me if I'm wrong but I think it works out to be well over $2 Trillion dollars worth of ore in AUD once you convert it from US.

And right now we have a current MC of around $6M. Just imagine the rerate that will happen if ore starts getting shipped. There'll be definitely more than a few zeroes getting added to my portfolio.