MGT magnetite mines limited.
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Water was always my greatest concern. I tried to explain this to...

  1. Martyac
    209 Posts.
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    01/09/23
    17:57
    Post #: 69695710
    Water was always my greatest concern. I tried to explain this to our neighbours (HIO) when they announced a 20mtp pipe dream.... If my years of experience have taught me anything, water is always an issue when mining in Australia.

    This announcement has created much more fear for me as I now believe we will see another credit raise early 2024 followed by disappointment with the lack of water.... The desalination plant is never going to work (IMO), way to expensive to run.....
    Last edited by Martyac: 01/09/23
    MGT Price at posting: 37.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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