Well I have gone through some threads now and realise people are...

Well I have gone through some threads now and realise people are questioning on PFS news, first I will let you know that I had MGTs razorback magnetite project since 0.002 and sold off at 0.09 ish. So I have reasonable idea on green metal, its usage, benefits and processing cost as a downside (water etc) which can be counter via high premium grades we have, great DTR recovery etc. Magnetite is a future, remember, hematite resources DSOs are depleting quickly around the world, green metal is a future and world is focusing on it for future mining.

Now PFS is not an easy task, alone huge following of asx guidelines required to give even an update. It takes time, remember on PFS, whole project will be based on, predefined assumptions processing and costing on it followed by DFS where bankability study will be based on results from PFS. Patience required.

Its not easy in current economic scenario where costs are already escalated which companies are always mindful, they carefully add there cost considerations on the project accordingly.

I could see huge potential, keeping in mind its not a huge project, CAPEX will be realistic, location looks great to me and Iron ore market looks reasonable in outlook.

There is a reason behind insiders buying this stock. Reason is very evident as per my previous posts.

1. Insiders buying
2. Future of green metal
3. Chart is extremely bullish atleast for now
4. Golden cross on cards
5. Moving averages pointing high for a bull run.
6. Fundamentals of the company.
7. Low SOI
8. Undervalued MC (even with the PFS due, its still undervalued IMHO)

It can go either way but as of now its looking attractive. I couldn't get anything more obvious in asx then this stock alone. GLTASHs