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MGT magnetite mines limited.

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8.0¢

hi there, all USD off the presentation.

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frog12

61 Posts.

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07/05/22

20:05

Post #: 61268771
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Originally posted by MrStrengths: ↑

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Hi Baz.

All metrics are at 62% reference price, with ~25% contingency and a very conservative premium of $25 applied to "fill the gap" of the remaining 6% in grade.

Here's the proof re 'conservative'.

~ $25 accounted for between 62 and 65 fines. We have a remaining 3% on top of that.
And then, well.. add another 50 bucks if we get to pellets.

You might make the argument "but this is at around $150 though - what about when it hits $110??"

So, we're finding more and more that as lower iron ore % products go down in price, the higher quality iron ore (us), are staying at marginally higher prices.
Note below (also note this is old data, from year prior - i think the latest data shows a larger spread. If anyone has any recent data would love to see it).

Hi frog are you converting USD to AU cus they interchange at times.
I'll have another look over weekend

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hi there, all USD off the presentation.

MGT Price at posting: 2.8¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 8.0¢		Change 0.002(2.56%)		Mkt cap ! $9.681M

Open	High	Low	Value	Volume
8.0¢	8.2¢	7.9¢	$21.75K	272.0K

Buyers (Bids)

No.	Vol.	Price($)
1	12258	7.9¢

Sellers (Offers)

Price($)	Vol.	No.
8.0¢	1596	1

View Market Depth

No.	Vol.	Price($)
1	12258	0.079
1	12500	0.078
1	64935	0.077
2	52473	0.076
3	240333	0.075

Price($)	Vol.	No.
0.080	1596	1
0.082	57206	2
0.087	123555	1
0.090	44376	2
0.095	51200	2

Last trade - 15.47pm 27/06/2025 (20 minute delay)

MGT (ASX) Chart

hi there, all USD off the presentation.

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hi there, all USD off the presentation.

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