MGT 0.00% 14.5¢ magnetite mines limited.

Hi,I believe the 2nd sentence below (from the last announcement)...

  1. 548 Posts.
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    Hi,

    I believe the 2nd sentence below (from the last announcement) gives already a glimpse of what to expect from the PFS in the next 3 weeks:

    "The Company is progressing the Razorback Iron Project Pre-Feasibility Study (PFS)1,2,3 with
    results anticipated for release by the end of this quarter. Studies continue to refine the single
    go-forward optimised case intended to expedite the potential pathway to production
    ."

    I read between the lines. It sounds to me that management knows already that it will be a positive PSF as they are optimising the path to production.

    That the company has the luxury of optimising different options to go into production let's me believe that it may be a very cost efficient high return mining operation right from the start. The mining commencement date will also be substantially earlier than scheduled.

    Let's see if I will be proven correct when the PFS is released.

    K
 
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