Just one more reply guys :) Daz: "So after spending 500m, your...

Just one more reply guys

Daz: "So after spending 500m, your net present value is only 669m over the life of a 27 year project. Not that flash is it, and that's using the head grade improvement and 150 iron price."

Well Daz, if it is $150, the post tax NPV will be $1.5 Billion not $669m, both over 23 years project. You keep giving us misinformation.
at $669m it's $29m per year
at $1.5B it's $65m per year
Tell me how many companies can generate this kind of value for their first project?

Yep I think investors will like it, payback term is 2.3 - 5 years. It will lead to one of the biggest magnetite iron ore reserve productions in the world.
The new CFO won't have problem finding funding.

Daz: "In the pfs, it says you need to add back atleast 25 to the cost base, so for me, that means 66 + 25, which equals 91. For you using head grade improvement, and 150, that's 54 + 25, that's 79 cost base. I think 68 grade was about 105 to 110, last time I looked. here is your profit every ton, about 15 a tonne for me, and about 28 for you."

Another misinformation. Again Daz, where do you get this? The $25 price adjustment is not added to cost base but a PREMIUM to the 62% iron ore price. The one thing I keep on trying to tell you. Look at the context in the screenshot. It's all about Iron ore price between 62% andhigh grade Razorback concentrate. That means more profit selling high grade iron and ALL costs are at breakeven $54 with the go-forward case already set by management. There is no additional imaginary cost to produce 68% grade than what is already outlined in the PFS.



The company that does the capital estimates is HATCH.
Hatch is a really big engineering companies and they are expert in mining and metalurgical engineering.
It a top-20 International Design Firm with 9000 staffs in more than 70 offices globally.
"Hatch counts among its metals clients the top 20 (as measured by market capitalization) mining and metals companies in the world, including Alcan, Alcoa, BHP, Barrick Gold, BlueScope, Glencore (and predecessor Falconbridge), Vale (and predecessor Inco) and Rio Tinto."



Hatch and GHD (another prestigious engineering company) are now working on the DFS for MGT.
MGT is going through each step with the utmost due diligence.