MGT 16.7% 31.5¢ magnetite mines limited.

It doesn't really matter if our in ground ore is 15-18%, the...

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    It doesn't really matter if our in ground ore is 15-18%, the fact that we can process and sort it, transport it and selling at a final cost of $54/t is the reason it is viable. The premium price we command for high grade concentrate negates a lot of that operational cost.

    It could be 5%Fe in ground and it would still be viable if we could dig/process/sell it for a cost of $54/tonne, especially at a premium price in comparison to most other Fe miner's.
 
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