MGT 3.57% 13.5¢ magnetite mines limited.

Ann: Positive PFS Results for Razorback Iron Ore Project, page-452

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  1. 939 Posts.
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    Thanks @StuartAnders. Precisely, expectation was higher including myself to be honest. For people it is hard to understand this report is PRE feasibility study. What it does is look at viability of the project both technically and economically. They only used the probable reserve for PFS because that is the guaranteed ore reserve. This means at the very minimum we can do this much, they haven't stated the maximum which will be way higher.
    However, these are the wording that assures me what will come in the DFS. The plan simply is get there quick collect cash and ramp up.

    Looks like BT's discussion will be ahead of mine @BullishTrends, it would be great if you could share the gist of your discussion so I may not have to bother him.

    https://hotcopper.com.au/data/attachments/3336/3336901-0031e76680a875ded058b512ce44abc4.jpg

 
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