MGT magnetite mines limited.

1.18%

8.6¢

as someone who doesn't know much about mining aside from its a...

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KiiDaka

406 Posts.

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03/03/22

11:25

Post #: 59949895
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Originally posted by MrStrengths: ↑

Hmmm 'twas a long time ago.
I think they're one of the longest running magnetite operations in Aus.
Might be a long dig through announcements.

But their latest Ann report + figures spell out significant success.

Look, i figure they're comparable to us in five years, current IO prices, premiums and output consistent.
With the profits they're achieving, we would basically be paid off in two years.

We're all aware of the conservative nature of our PFS. When we compare the profits from GRR, keeping in mind they have a lower grade than we would, we're looking very nice indeed.

I haven't looked deeply into their product specifics re deleterious minerals etc, I just know it's lower grade than ours and they're absolutely raking it in.

Would welcome other opinions.

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as someone who doesn't know much about mining aside from its a hole in the ground. Would I be correct in saying that we are on a similar path to FMG between 2004 - 2008?

It seems we have many similar success stories available and when we ship our first parcel 2024-25 we should be sitting at a SP of around $1-$2?

MGT Price at posting: 3.4¢ Sentiment: Buy Disclosure: Held
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Last 8.6¢		Change 0.001(1.18%)		Mkt cap ! $10.43M

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Price($)	Vol.	No.
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as someone who doesn't know much about mining aside from its a...

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