MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: Agreement with Tanzanian Government to progress Nachu, page-201

  1. 4,446 Posts.
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    This whole process MNS has been going through is actually starting to make sense. Every potential mine in Tanzania will have a basket of grades to sell. From super jumbo to fines, they will all process their own ore and supply their offtake agreements to the highest price. The larger flake size will go to the highest market that is the the expandable market, the smaller flakes will go else where for further processing to the battery industry. MNS have put themselves (when it’s built) in a very favourable position to compete for those grades, not only a freight advantage but a taxation one as well.
    It will create a lot of additional jobs and necessary infrastructure in Tanzania that would have missed out on. This is a win win as I see it as MNS will pay their taxes and complay with locL laws on the mine and the raw material, but the down stream processing is a different matter.
    Have I got this wrong?
 
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