MGT magnetite mines limited.
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It will take awhile for Ukraine to rebuild its steel plants...

  1. MGT4eva
    1,130 Posts.
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    21/03/22
    10:19
    Post #: 60311529
    It will take awhile for Ukraine to rebuild its steel plants (supply crunch) + our allies are rethinking where they are sourcing their raw materials from after Russia. Iron ore should hold at $110-150 with all of these factors + demand for green steel. Love the ROI at 0.16 strip ratioand that they are talking to multiple project partners...hehe..
    Only downer for me is the 2025 production date..That is 3 years of price swings.. was hoping a bit sooner but oh well. cant wait to see what is in iron peak...thats potentially another good hit! fingers crossed!!
    MGT Price at posting: 3.3¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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