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MGT

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17.0¢ magnetite mines limited.

MGT- Potential 70 Bagger!, page-77

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ASXSectorWatch

1,007 Posts.

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13/08/20

13:17

Post #: 46510812
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Originally posted by pasdec: ↑

The last time the SA Gov put $10B into any project was.....never! They put money into a guarantee the smelter at Pt Pirie now owned by save Nyrstar and they put money into Onesteel to transition the steel works in Whyalla to GFG/Liberty Alliance ownership. A few hundred million in guarantees all together... they definitely want to develop the sector but that likely to be via small grants and industry support arrangement like the ADI and pre-competitive support such as aeromag/SARIG regulatory improvements and supporting ILUAs, community and investor visits. This is really about supporting industry investment not investing directly.

The market for magnetite, proximity to reliable infrastructure, low sovereign risk, known and supportive regulatory framework these factors are the comparative advantages of the project that will get it up. The scale of the resource/prospective mine life make a big difference in this project, as will as the potentially low C1, I think if they can prove the market, investment will come.

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No one has claimed that the SA government will directly invest $10B in to a single project - they want that investment to grow the entire industry in both
the Central Eyre Peninsula and Braemer regions.

Originally posted by tlictdig: ↑

This is still going down to test 5 i think

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There's a pro executing and buying the panic sellers with centerpoint trades at 0.75c cutting off everyone at 0.7c. They're accumulating a very nice size parcel...

Last edited by ASXSectorWatch: Added text 13/08/20

MGT Price at posting: 0.8¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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