Yes, I read the announcement. It is my belief, a big part of the reason behind the declining SP.
Tell me, what are your thoughts regarding how much extra CAPEX these desperate water solution ideas will add to the estimated US-$1.3b pre-production capital requirement? What about the OPEX cost, how much $ will be added here? How does the AISC look now? Is MGT still a high grade low cost Magnetite producer?
Fact is, Wood Mackenzie can estimate what ever metrics they like to paint the rosie picture keeping gullible SH hanging in there. Im not buying it, not for a second.
I have to admit, every time I see "Outstanding project location in South Australia" I cant help but have a little chuckle. My idea of an outstanding project location would most certainly include quality water at volumes ample enough to meet requirements.
The dead horse will continue to be flogged again tomorrow
MGT Price at posting:
35.5¢ Sentiment: Sell Disclosure: Not Held
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