MGT magnetite mines limited.

MGT Social Media Posts, page-405

  1. 234 Posts.
    lightbulb Created with Sketch. 129
    Thanks for posting that @stevekiwitrader

    Here's the vid if anyone needs it.


    Great to see Simon Wandke getting the message out there. It has been said before, but it really is a serious endorsement to have someone with his wealth of experience from mining right through to steel production and green steel credentials on board. Hearing his reasons for getting involved first hand further reinforces the positive outlook for the project.

    The part that I found most interesting was the discussion about the IO price Vs actual 'value in use' of the high grade MGT product and that the 'product may not be used in a blast furnace'.

    I think most people suspected that but nice to have confirmation that this is likely the target market, especially coupled with Stephen Weirs comments (14 mins into webinar on the 1st https://youtu.be/SmCgMAB70G8?t=839) about potentially targeting even higher grade products than the current 67 - 68% concentrate.This would provide some great insulation from IO price volatility.

    Big six months ahead...

 
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