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5.56%

19.0¢ magnetite mines limited.

Ann: Revised Third Quarter Activities & Cashflow Reports, page-10

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StuartAnders

348 Posts.

66

01/05/21

09:39

Post #: 52864259
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Originally posted by dizzan: ↑

Just read through the announcement in detail. The detail within the document is fantastic but I particularly like the below paragraph from Peter.

“In this last Quarter, your company has made significant progress towards delivery of a robust high grade iron ore business. We are on budget and on track with our plans.
The PFS, currently well-advanced, aims to arrive at a single go-forward option that provides a sound and compelling business case across the range of iron ore pricing scenarios. Importantly, the PFS scope envisages a capital efficient, long-life mine producing an attractive high grade iron ore product"

We have bought in to a company with huge in ground resources, that is still at a low market cap that will be in production in 3 years from now. Given the current price of iron ore, which is only rising, we are in such a good position.

Bring on the excavators!!

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Still gobsmacked the SP didn't react more favourably to the report. Brilliant stuff from management which should have instilled huge confidence.
Still shaking my head,

MGT Price at posting: 5.6¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 19.0¢		Change 0.010(5.56%)		Mkt cap ! $19.44M

Open	High	Low	Value	Volume
19.0¢	19.0¢	19.0¢	$570	3K

Buyers (Bids)

No.	Vol.	Price($)
2	2081	18.5¢

Sellers (Offers)

Price($)	Vol.	No.
19.0¢	94170	6

View Market Depth

No.	Vol.	Price($)
2	2081	0.185
5	90763	0.180
5	68682	0.170
3	14400	0.165
1	8000	0.160

Price($)	Vol.	No.
0.190	94170	6
0.200	19530	2
0.220	3773	1
0.250	3120	1
0.000	0	0

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