Unfortunately the most important duck, working capital, does not line up . $2 mill in the bank is at that tipping point where it is all the market thinks about..
MGT got easily crushed to 11 cents on a minor share sale facility, so the investor support for magnetite is pretty close to zero, HIO can't expect much better given the poor S-T quality of the announcements, (and no one believes this strategic investor process is even happening anymore surely)
Unfortunately the most important duck, working capital, does not...
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