Ann: Iron Peak Mineral Resource Significantly Improved, page-10

to me, what makes a project feasible is whether we can make it to production. To help with that assessment, management is trying to find the quickest/surest path to ensure that we keep our opex low (strip ratio/low impurities) + suitable product to satisfy the demand (DRII grade pellets). They are not only phasing out their expansion, but have also demonstrated that they want a high NPV so that we, shareholders, get rewarded. We went from 66% to 69.7% today. It will be a huge contributing to get our funding.

I'd rather this meticulous and careful approach vs "let's build a 20mt mine with a 200km+ slurry pipe!".

MGTs approach is very meticulous/calculated. I honestly like what I'm seeing but yes I can understand where you are coming from.

As a long term holder, I hope to see more of these announcements. Keep it up MGT.