If you are prepared to wait another 4 years, mgt might be in...

If you are prepared to wait another 4 years, mgt might be in production phase by then, for now it’s just positioning its self for the right opportunity. SP will be staying at these levels for some time unless interest is shown by a bigger company wanting to secure a piece of the pie in the region. Accumulate now while we are at 52 weeks lows, even though SP could go as low as 25 cents based on current market trends.

Whyalla’s Carbon Neutral by 2030 plan (CN30) is focused on producing 15 million tonnes of high-quality magnetite iron ore, from which 10 million tonnes of green iron will be produced for both the domestic and export markets.

Liberty Steel Group, highlighted the prominent position of Whyalla for decarbonisation. “Our magnetite expansion plans, coupled with South Australia’s endless resource for renewable energy and green hydrogen, the potential for Whyalla has no bounds,” he said.