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25.0¢ magnetite mines limited.

Ann: Maiden Ore Reserve for the Razorback Iron Project, page-94

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UnknownInvestor

1,873 Posts.

132

30/06/21

11:12

Post #: 54169604
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Originally posted by Lucky99: ↑

I've said it before and will say it again, while most people / projects aim to achieve each milestones by specific dates, often these dates will slip or be held up by third parties, uncontrollable circumstances or other delays. In my books, if they can still deliver the PFS during July, they are right on track.

People need to stop worrying about a 'June 30 deadline', or 'management missing the mark' and so on. The fundamentals of this project are still strong and haven't changed, and we will see more evidence of this once the PFS drops.

Most projects actually fail and don't ever progress anywhere, or experience major time and cost blow outs. Just look at the recent FMG magnetite project as an example, yet they are still proceeding.

Hang in there, be patient and you'll be rewarded accordingly. I agree it's disappointing that we don't yet have the PFS results, but good things come to those that wait.

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They say in this announcement that the project is technically achievable etc. That's good enough for me haha.

MGT Price at posting: 7.8¢ Sentiment: Hold Disclosure: Held
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