MGT magnetite mines limited.

Thanks for the info/update, great to see the team are still very...

  1. 396 Posts.
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    Thanks for the info/update, great to see the team are still very approachable and take the time to talk to investors even though they must be incredibly busy.

    From memory Mark had mentioned in a previous interview that we would be looking at the extra potential that pellets may hold for us. Now having this reiterated is great news especially when you consider what GRR is receiving for 65% pellets. Fully understand to cost associated to pelletise increases out all in cost however that premium it is currently pulling definitely looks worth it.

    Im also seeing from multiple sources (outside of mining & investing) information all pointing to the requirement of higher grade I/O, smelters evolving, downstream penalties for high polluters and their cheaper base materials etc. The big five Australian miners are all jumping into magnetite with either new prospects or dusting off previously mothballed projects which makes me all the more confident in our project. I also think we’ll see more onshore processing and less reliance on singular countries, as we’ve all recently seen why happens to supply chains when there’s a world wide issue or conflict.

    Bring on our next round of announcements I say!

    NFA, DYOR
 
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