Let's not forget that MGT controls OVER 1/3 of South Australia's...

Let's not forget that MGT controls OVER 1/3 of South Australia's known/assumed magnetite resources with Razorback/Iron Peak, Muster Dam, Ironback Hill and others.

Of a total 16,087 million tonnes of total resource, MGT controls 5,960 million tonnes - which is ridiculous!

And we can only hope that the economically demonstrated resources would throw up a similar ratio too.

Source is https://sarigbasis.pir.sa.gov.au/WebtopEw/ws/samref/sarig1/image/DDD/MESAJ086030-044.pdf if anyone is interested in doing some reading on how awesome SA magnetite is haha.

*note: I've assumed MGT still controls Red Dam and Nippon Hill (as I'm not sure if they're incorporated into other projects, and don't have time to look into it haha), but even if they don't, those two resources are small fries in the scheme of things. This data is also from 2018, which is why Minotour is still noted as the owner of Muster Dam. I'm not sure if newer data exists.

Anyway, I'm certainly no expert and clearly our SP likes to do its own thing, but I don't see how we've managed to stay under the radar with such ridiculous potential (particularly when our HIO friends have managed to create so much hype with just over half of what we have). Surely we're a marketer's wet dream.