MGT share price, page-11177

Hi All,

The question has been raised regarding pellets vs fines. The production of iron ore pellets is not my expertise, that said follow this link to learn more about the process:-
https://www.mogroup.com/mining/pyro-processing/iron-ore-pelletizing/#:~:text=Iron%20ore%20fines%20are%20agglomerated,the%20process%20to%20make%20steel.&text=Designed%20and%20supplied%20the%20largest%20straight%20grate%20systems%20in%20the%20world.

Why pellets instead of fines?? April's highest price for 65% iron ore fines has been $184.37, highest April price for 65% pellets $232.03.

The average premium paid for pellets over fines (65% IO) has been $54.80 (April 2022 data).

That's greater than our "All In cost"!
This is why GRR (Grange Resources) has been making record profits even with an "All In Cost" of $99.73 (2021 annual report data).

GRR's 2021 report states; total sales of 262 million tonnes, an average all in cost of $99.73 and an average sale price of $276.17 per tonne.

MGT recently suggested our all in cost will be $40.00....(67.5 to 68.5% iron ore).
I wonder what the extra cost would be to produce pellets???

Maybe we should register the trade mark "Super Pellets"...