True.If its okay, I would like to take this opportunity to talk...

True.

If its okay, I would like to take this opportunity to talk about some fundamentals.
For anyone wondering, fundamentals are like magic, except based on reality.

Disclaimer: this is 100% IMO, DYOR.
I have a vested interest in MGT. My first purchase was at .006.

CURRENT WORLD CLIMATE:

• Iron Ore prices are really high right now. It is likely going to stay high. Why? because production is staying the same, and global demand is exploding, and this will not be mitigated by "African Chinese minez", because in the 10 years this may happen in a war-torn and corrupt continent, the end product will only be 10% of the market. The same 10%, that iron ore demand is estimated to go up in this time. On top of this, Iron is becoming rarer, because global reserves of hematite that are currently projected to be produced to market, are either in a position of staying the same, or on the slow decline. i.e., there are less new mines being opened to meet this demand.
• This is creating a compounded 'commodities supercycle'. This is defined as "a relatively rare phenomenon, where commodities trade above their long-term price trend over a long period." This is due to "Infrastructure expansion and population growth support(ing) rising prices powered by the demand for industrial and agricultural commodities". - Google.
• To exemplify this, look up any iron ore stock in the world market right now (or stock where iron ore is a main component of business). 95% of them will show a significant increase in share price in the past two years, even with relatively same production output.
• The reason i'm saying "compounded", is because we have another side-event occuring: the rise - and premium status - of magnetite.
• Magnetite is premium, because its much higher quality, much cleaner burning, and cheaper to process on the receiving end. All great things. What we're specifically interested in however, is the green aspect of magnetite - which is reduced burning of fossil fuels/emissions in making steel. This is mostly important, because many-a developed/developing country worth a bucket of piss has a reduced-emission targets in place. They're also doing this, because if they don't, the world is going to die (but that's a side-thing).
• Thus, whilst magnetite is currently part of the iron market - it is increasingly - more and more - being sought by the people with big amounts of money, who then make things like steel which is then also sold (also at an increasing profit) to the people in that country that make infrastructure (buildings, etc), as well as a million different everyday items from cars to cutlery.
• By 2050, the World Health Organisation predicts a world population of 10 billion people. Hint: if there is only a certain amount of production of a certain item, and more and more people want that item, demand goes up. First rule of business: find something that everyone wants, then charge out your ass. = Supercycle.

• This 'supercycle' - whilst valid, especially acknowledging COVID effects/Vale's recent lowered production rate (a top iron producer in South America that had some recent accidents, which may or may not have contributed to increased share price) - is thus still emerging as being a long-term trend, rather than a 'cycle'.
• Alrighty. So, to recap > more people > more need for stuff = more iron needed, except global production staying the same + reduce fossil fuels and save costs (because stay alive + make money) = magnetite >>>>> magnetite production is still a relatively emerging market, which brings us to the magical position of...

Magnetite Mines:

• An oldish company that couldn't get off the ground because of reasons as financing/simple PFS/very low iron price.
• About twelve months ago, the old director left. No hard feelings, take care. Then, some new people got recruited.
• These people are good. Good = smart. They also have a history of making projects successful. This is important, because it means they've done it before, and they know the ins, outs, and hurdles to side-step.
• They had a deal with a company to fund studies in exchange for a farm-in operation. Except realising that the share market price was improving, they chose to do a capital raise - and, in successfully raising funds, they canned the farm-in deal. This was funny to some of us, as we watched the share price drop to a third of what it had been, as the market seemed to perceive a "deal not going ahead" as bad. There were some very smart people who bought at the very bottom. Many of them are still here with us on the forums.
• Most significantly, the new management realised they were in an amazing position; all they needed to do was get the company financed, and up and going - then, being smart about optimisation - to build a sustainable operation, that not only survived, but made a crapload of money.

• Before we begin down that path, lets reflect for a second though. In the past few years, some things have drastically changed for this company. We now have;

1. NextOre. NextOre is a mechanism created in collab with CSIRO, which sorts Ore, better. This makes operations cheaper. This = money.
2. Selective mining approach. Selective mining is exactly what it sounds like. We selectively mine high-concentrated layers/pockets of ore to increase our yield. We were not going to do this before. Now we are - at least to start - because its cheaper. We can revisit these areas later, if needed. This = money.
3. The entire Australian state that we are based in has decided to create a magnetite strategy. They want to invest 10 billion into magnetite production, because they can see all this opportunity as much as we can, and they can recognise all the fundamental $$$. This = Money (less cost on infrastructure/CAPEX (capex being initial construction).
4. We were literally awarded a tenement, by the government. A whole tenement. Also, this tenement has 1.5 billion tonnes of magnetite in it. How much trust do you need in a company when the actual government says "Hey would you mind holding this for us. BTW its worth a few billion dollars". This = free money.
5. We have between 16-32 billion tonnes of magnetite, yet to be properly measured, according to the SA GOV website. Properly conducted drilling has inferred a total measured 5.6b tonnes of current magnetite (inc Muster Dam (awarded tenement)). This = lots and lots of money. Like, lots. Many, many dozens of billions of dollars.
6. We are fully funded for DFS. We recently had our PFS - the DFS comes next. It's more or less 'the big one'.
7. Some other bits and pieces copy and pasted from MGT website:

• High tonnage iron ore mineralisation.
• Able to produce 68.8% Fe concentrates with low deleterious elements (this is some of the highest percentage mag in the world).
• Soft ore relative to traditional BIF magnetite mineralisation
• Negligible overburden resulting in low strip ratio.
• Long-term Supply SecurityEstablished and supportive mining jurisdiction.
• Located in a region rich in Infrastructure.

This is all fantastic, and has led us to...

2021 PFS

• Refer Stocki's first post above, please.

But from myself, most importantly, we are getting this thing started. We're getting it started.
That's it. No whistles, no bells. We are getting this off the ground.
And at this point, with this PFS, we are all systems go. This PFS indicates success, without even applying our most cost-saving tactics yet (NextOre and selective mining), because management have found yet other ways to save costs. In fact, not only are we looking a success - as mentioned, if the iron ore price was to magically drop by half - we would still be okay. Okay, meaning profitable, and still in a position for growth.

To all those wanting a quick deal, this may or may not be the stock for you.
For those long-haulers - the Warren Buffett wannabes like myself - the value investors, and those others here that contribute so well - we're right at home - because we have something called fundamentals/

Cheers and thanks for reading.