I get you. It's easy to shoot the messenger..Why don't you ask...

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dc1234

4,385 Posts.

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20/01/24

00:39

Post #: 71973735
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Originally posted by Sisu123: ↑

is anyone listening to this guy? I think we've been over the fact that iron ore prices not supporting the project for 11 of those 13 years. we get it, you lost money in this stock 2 years ago. if you don't think management is a problem and it's somehow the resource, then you have a math problem, because it's all about the economic viability.

this will be the like 9th time someone has explained this to you.

so I'll explain it real slow.....

if 62% FE price falls below $100/t the project is not viable for DSO.

if 68% fe falls below I think it's also $100/t then the DRI is also not viable.

so yeah it's definitely not a resource issue, it's a management issue.

you also havnt had any of the companies before trying to build a HISMELT plant. I get it, you got burnt and want to be a saviour and help all us damsels in distress, but we don't give a .... mate, we also have done our research, and it's probably the reason you're still looming, in the chance they pull off any one of the proposed projects, then it will be a very swift re rate .

anyway, in other news, I think everyone is forgetting the mine plan from the 20th of November, that's all I really care about atm, because the DRI is our closest project which could take 6-12 months to get up and running and will provide near term SP stimulus if they can lock something in

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I get you. It's easy to shoot the messenger.
.
Why don't you ask the same question to management and learn something. My last post to you, I was not addressing anyone in particular. Most of this argy bargy don't go anywhere, so I will let you live in your paradise. All the best.

MGU Price at posting: 2.6¢ Sentiment: Hold Disclosure: Not Held
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