New thread to start discussing the year. First I want to chat about some of the new economics around the resource.
Champion Iron have sold 49% of their Kami mine to Nippon Steel. The mine has a mine life of 25 years producing 9MtPA. The post DFS evaluation is AUS$550M at today’s conversion.
Comparing this to MGT who have a 91 year mine life producing 5MtPA. If we do some rough conversions, they should have a 40 year mine life producing 10MtPA. This holding similar economics to Champion iron.
Note this is just a surface level analysis, with champion iron already producing iron ore and having funds available.
I have quite had the chance to check the overall DRI grade and impurities to each other but would love to see others thoughts.
MGT Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
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