Not A holder of MGT anymore. The sentiment for me is the ability...

Not A holder of MGT anymore. The sentiment for me is the ability to mine at scale.

IRD are closer to the ports currently available to ship ore, in particular Whyalla which is the best currently available option. IRD is close to existing railway to use those ports, and a power upgrade is currently underway which will permit large access to renewables. Enough water also seems available. IRD has never mentioned this existing infrastructure.

IRD has only targeted mining at scale, and have already spent years and a large amount of money to get there. They too could go for the start small and grow, it may in the end be the only option if Cape Hardy isn’t realised.

I also am a fan of the lower SOI at IRD with only a small percentage available to retail, as it provides some levels of confidence.

Having said all that I’m still a believer in MGT the company, as their approach seems genuine with the infrastructure that is available to the region. My investment funds are limited and I chose to make a decision between the two.