MGT 0.00% 14.5¢ magnetite mines limited.

MGT share price, page-12358

  1. 73 Posts.
    lightbulb Created with Sketch. 34
    well said.

    Further on the Major Project Status, Tim explained very clearly that seeking that status would actually slow down the approval process as it is intended for projects which are likely to have a large environmental impact.

    There is a dataroom already set up with parties accessing company information as part of the discussions - this is a great indication of the interest.

    The work already done on the DFS at the smaller scale directly contributes to the expansion case, and the decision to release a single DFS at the expansion scale rather than stick to the small scale DFS and release a revised expansion DFS is extremely prudent to manage their existing funds.

    This is a rock solid management team with proven capability - everything looks to be lining up perfectly.
 
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