MGT 1.92% 25.5¢ magnetite mines limited.

WHERE IS MGT GETTING ITS 572 MILLION FROM, page-305

  1. 98 Posts.
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    I think traditionally this project wouldn't have seen fruition, its mining with extra steps. But the low hanging fruit is almost gone. If the projected resource is as large as stated a billion to fund is chump change looking forward (IO price will not be below $150 in 10 years as scarcity squeezes supply). Canny govts ( our chinese neighbours already ) and business will be looking at the next 50-100 years rather than can it turn a trick in the next 12 months. I think this is a good prospect and have invested accordingly.
 
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