MGT 1.92% 25.5¢ magnetite mines limited.

  1. 396 Posts.
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    ”People” have also been banging on about the economics of the project don’t stack up, with a min profit the company quoted it’s clearly obvious these “people” are don’t understand what they are talking about.

    They are also not taking into the socio economic effects that will flow on from the mine and this is something that both state & federal governments will look at, especially in a time where they are looking to drive jobs and our economy.

    Any government that invests in this project not only gets loan repayments & royalties they get income tax, profit tax, gst , from not only the mine but all of the other surrounding businesses, workers and communities that will be required to support the mine along with the associated jobs boost all of this will bring.
 
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