Well Daz, your activity says otherwise. Seems like you are...

Well Daz, your activity says otherwise. Seems like you are really really really interested in MGT. Reminds of the 50cents army of the CCP

Thank you for following me on hotcopper too, I'm touched

Also Daz you can say whatever you want, but the PFS clearly outlines they will go forward with Head Grade Improvement Case for the DFS.

For someone who doesn't understand the concept of Breakeven and NPV, I also highly doubt your understanding of the potential for 68% grade as compared to 62% which I will say again is already included in the breakeven price of $54. Just substract this value from the premium grade price to get your profit margin.

From the PFS:

Daz: "There are projects out there that had irr returns of 130%, and struggled to get loans for a 60m plant"

Well Daz, you need to elaborate more, what minerals? what grade? what price? how long is the mine life? Is there a possibility to extend like MGT's 5.7B tonnes reserve not counting unexplored tenements? what are the demands for the minerals? where is it located? Is transport easily accesible and country stable?

IRR is also easily manipulated. Is it pretax or post-tax IRR like MGT?
Watch this video below:
"IRR is time-dependent, so a project that delivers $1 million over 5 years will have a higher IRR than a project that nets $1 million over 10 years.But IRR doesn’t tell the whole story. If a $1 million investment lasts only a month and pays $50,000, its IRR is 70 percent. That’s an impressive short-term gain, but it doesn’t get very far toward building that $1 million into more substantial wealth."

However we can see that post tax NPV for MGT is A$669M according to the PFS.