MGT 11.3% 29.5¢ magnetite mines limited.

Management, Show us the institutional investors!, page-45

  1. 223 Posts.
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    Hay bigjohn1, I think you and myself are probably understating where MGT will be in 10 Years time.
    A.completed PFS on 3 million tonnes, heading toward a DFS, we could not even complete the DFS for the 3 million tonnes and the requests
    have come in to adjust the DFS to start at 10 million tonnes.
    Taking this starting point of 10 million tonnes, Iam sure the DFS is providing scope for expansion of stage 1, to let's say 15 million tonnes.
    Keeping all this in mind this is for razorback only which represents only 8 per cent of the resources.
    Stage 3 is probably muster dam, which by this time we have the cash flow, we could possibly start off 20 million tonnes per annum, so easily 35 million tonnes per annum.
    With this highly credentialed A team management pushing ahead this is all feasible in fast moving world that is hungry for the green steel revolution.
 
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