MGT $ 1.00 TARGET PRICE 2024, page-51

a good article in the AFR, front page and page 26 on the big three miners coming together to transition to green steel production. their challenges include low grade ores not suited to DRI and the need for gas to run furnaces. A very WA bias. No direct mention of magnetite, just 'Pilbara ores' being of lower quality in terms of iron content. So what? Their challenges are our opportunities.

I previously discussed triggers for a possible rally to draw more speculative buys into MGT. Those being JV/ partner to fund / finalise the DFS and the subsequent release of a positive DFS. Well there is another trigger that will drive all magnetite stocks and that is the increased attention being drawn to green steel. if only the AFR / main stream media can shift away from terms such as Pilbara ores, DSO, green steel and high grade ores to the term 'MAGNETITE', only then we can expect a slow but gradual broadening of attention toward company's dealing with magnetite ore. subsequently attention will be drawn to MGT and more importantly the very high grade magnetite, near surface and elevated location, close to rail and ports, with a supportive local govt and a federal govt willing to invest through the national reconstruction fund it would be hard not to see the potential. Share price goes up, FOMO kicks in, this draws the attention of institutional investors and everyone is happy - dreaming? maybe, who knows. no telling whether MGT will be made or fade, but it's clear the attention toward our resource is growing and this brings opportunity.

DYOR GLTASH