Australia's largest stock trading and investment forum Australia's #1 stock forum

MGT

Click for more information

6.00%

26.5¢ magnetite mines limited.

Ann: Maiden Ore Reserve for the Razorback Iron Project, page-291

First 291 Last

Share
Profile

Follow
calhoon

127 Posts.

39

02/07/21

22:15

Post #: 54252201
Share

Originally posted by Lucky99: ↑

My take on it is that with the recently released announcement, they had shown that it is possible for MGT to proceed with an annual output of 2 million tonnes that would result in decent profit and prove that this project is viable, even with a small annual output. This doesn't even take into account utilising NextOre which should result in greater efficiencies and throughput.

Knowing that they can be profitable with 2mt p.a, they can then look at the incremental cost to produce each additional tonne, to find a good balance between cost and output, while keeping overall capex costs below $1 billion. They have said that the PFS will explain an ideal, optimised way forward which will hopefully improve on the 2mt p.a numbers and provide an even better overall result and profit.

I'm hoping they can produce something in the range of 4-8mt p.a, aided by NextOre technology, but even if they only achieve 2-3mt, it will still be a decent starting position.

Expand

Yep i get that..
but when you build a 2mt mine it dont put out 3mt you then need to upgrade and that means shutdown and tie ins or build 4mt and put through 2mt and ramp up with nextore etc etc..then build the expansion parallel to existing and do tie ins
But hey thats down the track...
just saying...

MGT Price at posting: 7.7¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Revolutionary inverter technology leads the clean energy charge

From the Floor with Kim Beazley at Diggers and Dealers 2024

Wealth Within: Why the stock market isn't going to crash and more with Dale Gillham

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

RBA keeps rates steady at 4.35%, reflecting expectations

There are more pages in this discussion • 31 more messages in this thread...

First 291 Last

Add MGT (ASX) to my watchlist

(20min delay)
Last 26.5¢		Change 0.015(6.00%)		Mkt cap ! $27.08M

Open	High	Low	Value	Volume
25.0¢	26.5¢	25.0¢	$20.76K	80.39K

Buyers (Bids)

No.	Vol.	Price($)
1	90370	26.0¢

Sellers (Offers)

Price($)	Vol.	No.
27.0¢	9600	1

View Market Depth

No.	Vol.	Price($)
1	90370	0.260
1	30000	0.255
5	42905	0.250
1	2273	0.245
3	25833	0.240

Price($)	Vol.	No.
0.270	9600	1
0.275	10000	1
0.280	2562	1
0.290	4281	1
0.300	10862	3

Last trade - 15.46pm 06/08/2024 (20 minute delay)

MGT (ASX) Chart