Its just a big deposit of low grade magnetite, that's what this company is. The Chinese closed these types of mines and bought dso from Brazil and Australia instead, 10 years ago because they couldn't complete on price. With iron ore at sky high levels, the deposits would be profitable now. Grr struggles when the prices for iron ore aren't high, and there mine is like 3 times the iron ore content.
Ann: Razorback Iron Ore Project Mineral Resource Upgrade, page-86
-
- There are more pages in this discussion • 152 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MGT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
24.5¢ |
Change
0.010(4.26%) |
Mkt cap ! $25.07M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 25.5¢ | 24.5¢ | $7.014K | 28.18K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 46567 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 10764 | 3 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| MGT (ASX) Chart |