MGT 4.26% 24.5¢ magnetite mines limited.

Morning,Great news, some things to consider is the cost, and...

  1. 11 Posts.
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    Morning,

    Great news, some things to consider is the cost, and I'll use the Pipeline that was built from Wentworth to Broken Hill.

    MGT needs 27 million ltrs a day over 160km, the Wentworth to broken hill pipeline that pumps out 37 million ltrs a day over 270km and cost $470 million and that was done years ago so I assume cost will be higher.

    I understand distance and volumes could mean different size pipe, but to pump out those volumes it will require large pipe and will it be surfaced laid or underground as both have there on costings.

    I'm no expert by any means but something to consider.

    Huge outlay and any support/funding from government will be more than welcomed.
 
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