The ore that they mine will be low grade in the ground > however post beneficiation/processing it will be at 68.7% FE (or higher at iron peak) with low traces of alumina and silica. Basically our product will be highly sought after by EAF plants around the world + shortage of our feed is expected to be around 200m/ton per year in 2030 with all of the EAM sites going up.
In terms of power/electricity you should refer to the previous DFS to get a rough idea of how much power is needed to run a 5mt/pa plant. We wont have any issues with renewable power, demand or tonnage. Just water (being de-risked by using saline/sea water maybe), workforce (shouldnt be a problem now that whyalla is in shambles) and capital (what mgmt are working on securing now).
MGT Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
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