Ann: Renounceable Rights Issue to raise up to $15.8M, page-184

Please point me to where the PFS stated that we needed a long term $120+ base iron ore price for a decent return? Please also highlight to me what the actual base iron ore price would have to be in order for MGT's saleable product at ~69% Fe (attracting a significant premium over and above the base iron ore price) to be as low as $120?
"No one is forecasting that" - *laughs*. Do you have any idea how many of these so-called experts were predicting a return to $160USD/t prices after the big drop down from $220+? Precisely none. We were supposed to be at $70/t months ago.