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.
- Forums
- ASX - By Stock
- MGT
- Ann: Iron Peak Mineral Resource Significantly Improved
Ann: Iron Peak Mineral Resource Significantly Improved, page-10
-
- There are more pages in this discussion • 98 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MGT (ASX) to my watchlist
|
|||||
Last
25.5¢ |
Change
0.015(6.25%) |
Mkt cap ! $26.09M |
Open | High | Low | Value | Volume |
24.0¢ | 25.5¢ | 22.5¢ | $36.88K | 152.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 56747 | 25.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.0¢ | 10000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 56747 | 0.255 |
1 | 100000 | 0.230 |
3 | 114444 | 0.225 |
7 | 118066 | 0.220 |
1 | 2000 | 0.210 |
Price($) | Vol. | No. |
---|---|---|
0.260 | 10000 | 2 |
0.265 | 8324 | 1 |
0.270 | 8045 | 2 |
0.280 | 30319 | 2 |
0.285 | 107062 | 2 |
Last trade - 13.50pm 27/08/2024 (20 minute delay) ? |
Featured News
MGT (ASX) Chart |
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online