MGT 2.04% 24.0¢ magnetite mines limited.

i don't think I've seen anyone mention that the PFS used...

  1. 75 Posts.
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    i don't think I've seen anyone mention that the PFS used $110usd/tonne as the long running 62% average. Right now 68% is commanding approximately $30-40usd/tonne above the 62% price.

    Ifwe take that $30-40 extra off our OPEX costs, it'd take our OPEX down to $24-34/tonne, in league with the big boys, with 4b+ tonnes of ore, that's insane for a penny stock

    I havent seen someone post this yet, but running at a similar cost to the big players (at a much lower scale) is a huge feat of strength

    ** They made no mention of including the premium 68% price in their opex cost so I'm assuming that what I've written is correct, happy to be proved right or wrong
    Last edited by Rjsmith99: 09/07/21
 
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