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2.78% 18.5¢ magnetite mines limited.

Ann: Maiden Ore Reserve for the Razorback Iron Project, page-171

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  1. SwankyTurtle
    42 Posts.
    lightbulb Created with Sketch. 18
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    30/06/21
    14:06
    Post #: 54177014
    1.5bt indicated resource.

    To get our total ore to be mined from said resource:
    31% x 1.5b = 465m

    Total product from said ore:
    14.5% concentrate x 465m ~= 68.5mt product

    Theres another 1.5bt inferred that is yet to be included.
    MGT Price at posting: 7.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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