MGT 3.57% 27.0¢ magnetite mines limited.

I was waiting for the commentary on the news that was dropped...

  1. 396 Posts.
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    I was waiting for the commentary on the news that was dropped today! I wasn’t surprised that the first mention was their going to 20mtpa....... good on them if they can it’ll be great for the country & their SH.

    What wasn’t mentioned in the above comments was their reserve size, however it is but a portion of what we have.

    People think we’re pushing the proverbial up hill to get $600M, if that’s the case good luck with somewhere north of $2-3B. However it looks to be the same as us and they will increase capacity once up and running.

    Also as we keep constantly getting comparison comments between MGT & every other Tom, Dick & Harry do we need a seperate thread so as to not fill the current one as a
    MGT vs ........... ????

    Because I doubt it will stop not even when we become a tier 1 producer.

 
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