MGT magnetite mines limited.
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Ann: Renounceable Rights Issue to raise up to $15.8M, page-190

  1. frog12
    61 Posts.
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    22/04/22
    18:38
    Post #: 60977081
    Franciscus,

    The metrics are based on base price of $110 for 62%Fe plus premium US$25/t (Table 11). Total US$135/t
    Given the 65%Fe price premium has been about $25/t, this $25 is probably conservative. $30-40/t might be possible when green steel gets serious. bumping it up the queue a bit, but others also have a quality product.

    The lower the incentive price of production, the more likely it is to be developed.
    MGT Price at posting: 3.1¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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