Ann: Magnetite Mines Confirms Benefits of Expansion at Razorback, page-27

Hey guys, I'm just reading through this proper now.
Some obvious bits and pieces that interest me:

So there's two options re expansion, one that hits 7mtpa by 2032;


and one that hits 7mtpa by 2028;



So no matter what, we're starting with 3mtpa.
I'm going to actually go against the grain here, and suggest that slower expansion might be in our best interest,
as if we were patient, we could just pay it off ourselves, instead of diluting our value (if straight-up loan isn't achieved/)
- EVEN THOUGH the IRR is 27% re single step, as opposed to three-step @ 25%.

Some other stuff;
-------------------------------------------------------------

---------------------------------------------------------------
They're still conservative as hell with that premium
also;
--------------------------------------------------------------------

--------------------------------------------------------------------
THIS IS JUST RAZORBACK, GUYS///
This announcement does not represent the whole MGT spectrum.
We have quite a few other deposits we haven't even got to, yet, i.e. Iron Peak, Muster Dam + others/
We might drill something, and then end up selling it to fund our other Op's - hopefully to a bigger mining company,
who might be willing to participate with us in some building of large infrastructure...
also...water;
-------------------------------------------------------------------

-----------------------------------------------------------------
So water has always been my concern re MGT.
Looks like it's finally sorted.
Re wastewater, I have to say, i'm looking forward to shipping smelly pellets to China for premium cash -
then make the greenies happy in the same token/
That's a move right there, if i've ever seen one;
----------------------------------------------------------------

-----------------------------------------------------------------
moving on;
-----------------------------------------------------------------

----------------------------------------------------------------
All great.
moving on -
would everyone please observe the massive contingency they've utilised, and breakdown of same;
----------------------------------------------------------------

----------------------------------------------------------------
Lastly, please observe financial breakdown;
----------------------------------------------------------------

----------------------------------------------------------------------
I'm going to suggest that scale economics do very, very much indeed play in our favour.

I would strongly urge shareholders to read this document in full,
particularly re other sections including Key Risks and Opportunities,
and Next Steps/
They're going to start off with our low-capex, beloved 3mtpa, then play the field from there it seems.
Very, very smart.