MGT 4.26% 24.5¢ magnetite mines limited.

Ann: Positive PFS Results for Razorback Iron Ore Project, page-425

  1. 2,195 Posts.
    lightbulb Created with Sketch. 813
    Hi Mate,

    October last year they said the NextOre unit would be transported to the site, that didn't happen, no explanation (from what I've seen) as to why.

    April this year in the webinar a specific question was put to them re. Nextore, they said NextOre lab results would be included as part of PFS, they weren't.

    As far as I remember, they told that the equipment will be onsite in 2021 from Lucas height facility. They did not mention any date or month. Read that part again and confirm all of us please. We assumed it will be used in PFS but I remember, Peter & Mark in an interview clearly mention that they gonna use it in DFS stage AND this is what is in align with @BullishTrends and my posts above which is personally to me making alot of sense. Why they will use Nextore Tech in the stage of PFS when this PFS is investor's focus to get funded ( example only $500M at small scale to start with) and why they should not use next ore in optimization stage of DFS where you would get optimized numbers including OPEX so the nextore sorting work will be more reflective. Make sense? click like if you like smile.png

    Cheers



    Last edited by Stocki: 07/07/21
 
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