MGT 6.78% 31.5¢ magnetite mines limited.

AGM questions, page-25

  1. 220 Posts.
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    Hi, I would like to know what the additional funding requirements would be?, We done a PFS based on 3 million tonnes per annum, with a funding requirement of approx 700 million based on that.
    Now we doing a DFS with a mine of up to 10 million tonnes per annum, what is the requirement in dollar terms to fund this?
    My impression was that we are starting small to give the best chance to achieve funding, not sure I am buying the story that the market required additional tonnage, if that was the case if that was a request why didn't the interested party or parties stump up some cash to help fund this?,
 
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