MGT 1.85% 26.5¢ magnetite mines limited.

Ann: Positive PFS Results for Razorback Iron Ore Project, page-282

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    If we use $150/t of 62% fine, our realisation will be $233.33/ton. Assuming 20% saving in cost from next ore, that gives me annual net cashflow after tax of roughly $322 mil. So the payback period will be roughly 25 months ie. by early 2027, capex should be paid off already. That is an outstanding return.
 
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