MGT (ASX) Ann: Change of Chief Financial Officer and Company Secretary Role

Originally posted by Babysaurus: ↑

Daz: "The projects going to be completed in 4 years time. You have inflation over that period. Forecasts are they are going to be 3 per cent or more every year. So your wage bill will increase, your materials bill will increase."

Daz, this statement really says that you don't know anything about NPV which they use in the Table just above the IRR. Net Present Value is the value of all future cash flows (positive and negative) over the entire life of an investment discounted to the present, taking inflation and returns into account.

Daz: "The company has discounted it down to show you how costs, and different iron prices, effect the project. You are getting a direct comparison of 62% to 68%. With costs down, and selling prices down. 62% is EQUIVALENT to 68%."

Look Daz, 62% hasn't been equivalent to 68% for years. 68% commands much higher premium and will continue to do so as it will be the preferred ore in China due to environmental concerns, driving its price up.

https://do not advertise external sites/Article/3811904/Iron-ore-pricing-explained.html
"More recently, at least in China, environmental policy has become a key driver of prices across the iron-ore grade spectrum."
"Over the same period, the premiums commanded by the 65% Fe and 66% Fe indices over the MBIOI-62 have also risen to record highs."

You keep mentioning costs, again it's $54 breakeven,just substract this from the higher premium grade price.

Daz: "as it stands, according to jorc, your irr, is under 14%, and the cash breakeven is 66. You can't use head grade improvement or new Csiro tech, that hasn't been used at a grand scale. They are called risks. The companies trying to make the project more robust than it is. Your falling for it. Instead of doing like alot of people, seeing through it, and moving on. That's why the drop from 9 cents to 2.2 now"

If you don't like CSIRO tech, just use the Plant Optimisation Case then? it's just adding the feed with a different concentrator layout already evaluated by Hatch Engineering. You will get 17%IRR and $58 breakeven.

I used to work for CSIRO in the Land and Water division and my brother is still working there specialising in polymer tech.
CSIRO techs have been used in many applications successfully and it's one of the significant reasons why I invested in MGT when the news came out.
Read more about it here:https://www.csiro.au/en/work-with-us/industries/mining-resources/resourceful-magazine/issue-13/sorting-out-waste
It's a high tech piece of plant that is highly mobile and the unit costs about $800k.

This is next-gen mining, and will be the standard. Australia has always been the leader in mining techs. We invent and sell mining techs to the world.

Daz: "Mgt haven't even defined the area they are going to use to mine. You going to be drilling that next year. Mgt is still at the start line"

I get it Daz, you want to get in at a much lower price so you are saying MGT is at the start line.
They are current doing the DFS with Hatch and GHD planning for the Plant and Energy, this Bankable study will cover everything to be brought to potential investors. Metalurgical Drilling is part of DFS, look at HIO as they are doing exactly this for their BFS.

Expand

I'm not interested in buying shares, its easy to see that mgt has only just started the journey with razor back, plenty of things to be completed, and yes mgt is really only at the starting line, with mine development. I'm not trying to make the share price lower so I can buy, by saying mgt is at the start line. Thats just a fact. You can buy more if you like, no one is stopping you. You can even sell if you like. Thats your business. Nothing to do with me. I've never said I would ever buy shares in mgt. The only way I would be remotely interested, if the drilling program, returns grades of 25 to 30%. Not going to happen. Thats the only way to get the irr significantly up, and the iron ore price to go mental again. I still wouldn't buy, I would put more money in Rio and fmg

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(20min delay)
Last 26.5¢		Change -0.005(1.85%)		Mkt cap ! $26.08M

Open	High	Low	Value	Volume
27.0¢	27.5¢	26.5¢	$64.47K	241.3K

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