MGT magnetite mines limited.

1.18%

8.6¢

MGT General and Off Topic Chat, page-1331

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KiiDaka

406 Posts.

131

03/03/22

11:25

Post #: 59949895
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Originally posted by MrStrengths: ↑

Hmmm 'twas a long time ago.
I think they're one of the longest running magnetite operations in Aus.
Might be a long dig through announcements.

But their latest Ann report + figures spell out significant success.

Look, i figure they're comparable to us in five years, current IO prices, premiums and output consistent.
With the profits they're achieving, we would basically be paid off in two years.

We're all aware of the conservative nature of our PFS. When we compare the profits from GRR, keeping in mind they have a lower grade than we would, we're looking very nice indeed.

I haven't looked deeply into their product specifics re deleterious minerals etc, I just know it's lower grade than ours and they're absolutely raking it in.

Would welcome other opinions.

Expand

as someone who doesn't know much about mining aside from its a hole in the ground. Would I be correct in saying that we are on a similar path to FMG between 2004 - 2008?

It seems we have many similar success stories available and when we ship our first parcel 2024-25 we should be sitting at a SP of around $1-$2?

MGT Price at posting: 3.4¢ Sentiment: Buy Disclosure: Held
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Last 8.6¢		Change 0.001(1.18%)		Mkt cap ! $10.43M

Open	High	Low	Value	Volume
8.8¢	8.8¢	8.6¢	$2.791K	31.77K

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No.	Vol.	Price($)
3	54189	8.6¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
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Price($)	Vol.	No.
0.090	259408	3
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MGT General and Off Topic Chat, page-1331

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

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MGT General and Off Topic Chat, page-1331

Top Stories

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Featured News

Buyers (Bids)

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Featured News