looking at the PFS it is based on $110us and $25us premium with...

looking at the PFS it is based on $110us and $25us premium with a .75 exchange rate. Although the 62% iron ore price has only just got back to this level we have to understand the other two factors. The exchange rate always drops along with commodity price which helps hold the AU price per tonne and currently only .72.
The big factor that makes MGT attractive is price paid for premium ore. This amount has been growing with the push for green steel or high grade iron ore. We have billions of tonnes ready to be developed.