MGT magnetite mines limited.

There will be water it’s just a matter of the cost.I think...

  1. 1,168 Posts.
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    There will be water it’s just a matter of the cost.

    I think calling the future is a little rich, but I agree that the water decision is big.

    The 10gl water per year, is this your guess it is only half or you have read that in the announcements? I’m not saying you are wrong but I would love to know how you got to this conclusion.

    Construction does not use large amount of water, neither does dust retention on haulage roads.

    I think you will be right in regards to the Murray darling basin. I’m unsure how they can get a definitive answer in such short term on this option. Do you have any idea on the amount of water available per annum from the basin? The idea that MGT would also allow pipe work attachment to farmers is in the hope to be more sustainable, cost effective and receive government funding.

    The seawater option will 100% need a desalination plant. This I believe they announcement would be based at the port. I may have misread this.

    I think the seawater option will allow the mine to increase production sooner rather than later which brings the value metrics right down. We shall see but it’s going to cost $$$

    Casino isn’t exactly an educated guess. So I think that’s a bit of a kick in the guts for people who have invest weed here.

    As you would be aware, the company has changed name & its completely new management. 15 years is a load of garbage. Really it’s been about 3-4.

    The studies are based around showing that the transition to high grade steel is achievable and cost effective. The SA does not have a big iron ore history like the Pilbara. This could be game changing for the state. With not having previous mine infrastructure, it’s always going to be a lot harder to get things off the ground.

    100% decarbonisation has provided an opportunity. And when that opportunity strikes you take it.

    Their last opportunity will be if they don’t find a partner once core processed samples have been delivered.

 
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Last
8.6¢
Change
0.001(1.18%)
Mkt cap ! $10.43M
Open High Low Value Volume
8.8¢ 8.8¢ 8.6¢ $2.791K 31.77K

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No. Vol. Price($)
3 54189 8.6¢
 

Sellers (Offers)

Price($) Vol. No.
9.0¢ 259408 3
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Last trade - 15.48pm 25/07/2025 (20 minute delay) ?
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