MGT magnetite mines limited.
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Ann: Renounceable Rights Issue to raise up to $15.8M, page-110

  1. Irongrilled
    832 Posts.
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    21/04/22
    16:20
    Post #: 60954039
    WOW HIO have to mine triple the dirt to get the ore. And a ridiculously high pre strip amount just to get to the ore. Combine this with a 450km slurry pipeline, a 90km water pipeline, all the hoops and title agreements required to go through SA with the slurry pipe, and to cap it off $2 Billion + Capex!
    Think I might sell down my HIO holding to back the truck up for some shares on this rights issue.
    Last edited by Irongrilled: 21/04/22
    MGT Price at posting: 3.1¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch. 2  Great analysis
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