100% whole heartedly agree.
There has been many commentators over the last 12mths broadcasting how they would easily raise the $B’s required but MGT wouldn’t have a hope in hell of raising their funds. Like you’ve said Royal tried this approach and crashed and burned.
Lets face it how often do you get the opportunity in mining to have your debt paid back in full within 2-3yrs then expand using profits into a generational mine, we have the potential to be operational for close to 100yrs IF all of our resources bare fruit. That is just insane!!!
People also bang on about how they had MOU’s and were over subscribed for their tonnage, which to me just means there’s customers out their that will be more than willing to purchase our product.
I’ve said it all along that I truly hope both projects get up and running because they will both benefit our country massively.
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