MGT magnetite mines limited.
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@compint"A mine may be feasible soon" ???Can you please be more...

  1. Jas K
    735 Posts.
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    27/08/24
    13:53
    Post #: 75395561
    @compint

    "A mine may be feasible soon" ???

    Can you please be more specific around exactly which "mine" you are referring to.

    There are 10 tenements that were held by MGT as of 30 June 2024, (Razorback & Muster Dam included) all contain very LOW traces of magnetite.
    These MGT tenements will NOT be feasible given the location, low ore content, no infrastructure, no water etc.
    Still can't understand why MGT pitch this as "Tier 1 Location" Maybe it's because Muster Dam & Razorback are in proximity to each other they believe that makes it "Tier 1 Location."
    If that's so then, most of Australia can be included as magnetite is in abundance all across Australia in low grades.



    MGT Price at posting: 25.5¢ Sentiment: Sell Disclosure: Not Held
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