MGT share price, page-10363

G'day Martyac.

Question for you, if you would be so kind.
What do you make of the following, re grade and composition.
(pulled from June 30, 2021 announcement pre-PFS - 'Maiden Ore Reserve for the Razorback Iron Project').
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"Razorback product is a high-grade concentrate that is expected to be attractive to blend at low levels into sinter feed,
‘sweetening’ sinter quality, or potentially for blast furnace pellet production. Product grade is expected to range between 67.5%
and 68.5% Fe, with correspondingly low silica and alumina. As a ‘headline’ grade, this is in the same range as other concentrates
such as Anglo’s Minas Rio BF product (66-67% Fe) or Champion Iron’s Bloom Lake product at 66.5%, both of which have achieved
substantial sales at premium prices that are considerably higher than the major fines brands.
The PFS financial model uses a base price assumption of US$110/t, CFR China 62% Fe Fines, in 2021.
A price premium of US$25/t is used for the Razorback concentrate. This is the equivalent of a 29% premium, or a nominal $5
per % Fe. This is lower than the average premium per Fe % of the 65% fines product since inception in 2013 as a simple
comparison.
Actual pricing of Razorback material will depend on a range of attributes as well as iron. The concentrate will be relatively fine,
but not unusually so compared to other concentrate products.Phosphorus levels are very low, which is an increasing advantage
as Pilbara phosphorus levels appear to be trending up."



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I have to be honest, i'm still confused as to whether they've applied the $25 price premium in the PFS figures.
It's unclear. I'd love it if someone had the answer for me.
All I know is that applied premium or not, the current premiums are through the roof, and will provide a cream of value greatly underestimated by the market re Market Cap, and not represented in the PFS.

and of course, the magical line many have missed from the PFS;
"The PFS was prepared to AACE or PFS standards and included a total capital expenditure contingency
averaging 23%."

I think our NPV in real terms is going to be through-the-roof.
Just calling a stick a stick, here/