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28.5¢ magnetite mines limited.

Reminiscing of the good old days!!!, page-12

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BoogieB

843 Posts.

252

22/06/22

15:15

Post #: 62139615
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Originally posted by HAW22BH: ↑

You wrote - quote

“wondering if IO price potentially the main do/die marker we need to be watching?

Unquote

Absolutely this must be watched. The bottom line is that if it continues to drop MGT will not get finance. Whilst that may change in the next upward cycle - if it drops below $75/t there isn’t a hope in hell of MGT getting finance soon. I personally don’t see it happening - I see it bottoming out around $100/t maybe even $90/t - the news coming out of China in the construction sector isn’t good, despite what many on here preach about stimulus….

MGTs costs are also high - again despite what many here preach. The CFR costs have not been clearly explained by MGT and this is somewhat concerning for me. I look forward to understanding those numbers specifically in the DFS

I’m holding for now and will definitely top up but only once I can see some real progress by management because right now it’s silent

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I agree with what you are saying to an extent. But that is the basis iron ore price. Exactly like HIO, MGT will fetch a premium.

Correct me if I am wrong but wouldn’t CFR currently would only be an estimate? This is without the DFS done.

Can you please quote which costs are high?

MGT Price at posting: 2.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 28.5¢		Change 0.000(0.00%)		Mkt cap ! $28.05M

Open	High	Low	Value	Volume
28.5¢	28.5¢	28.0¢	$18.67K	65.82K

Buyers (Bids)

No.	Vol.	Price($)
5	34776	28.0¢

Sellers (Offers)

Price($)	Vol.	No.
28.5¢	30306	1

View Market Depth

No.	Vol.	Price($)
3	10173	0.280
3	18636	0.275
2	4500	0.270
5	48005	0.265
5	212760	0.260

Price($)	Vol.	No.
0.285	30306	1
0.300	9768	4
0.310	17511	2
0.320	285000	1
0.350	2000	1

Last trade - 15.37pm 05/07/2024 (20 minute delay)

MGT (ASX) Chart