MGT 0.00% 27.0¢ magnetite mines limited.

Wandke seriously impressed me with his demeanour and delivery of...

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    Wandke seriously impressed me with his demeanour and delivery of his message in that interview today.

    For him to have such a clear and calm message about why he considers MGT to be a winner speaks volumes for what we have here.

    You can tell he's not just thinking Razorback either - he's thinking bigger.

    Last month, MGT quietly secured yet another exploration licence for a new tenement in SA.

    I don't know why they didn't announce this (I asked the same question re licence EL6745) - I would think it'd be material news to give the market, even though there is not yet any data on whether there is even any resource in the area as far as I can tell. But that's a discussion for another day.

    This screams to me that they're thinking far enough into the future that they're pretty confident about this DFS and financing - i.e. why would they waste their time on securing other tenements if they haven't all but locked in Razorback yet?

    I know it's been a rough few months, but I don't think the future has ever looked as bright for MGT. Imagine where we'd be if not for the macro environment.

    EL6788 doc is attached for anyone interested. Pretty boring document, but interesting to have a look at nonetheless.

    EL 6788.pdf
    Last edited by MattK33: 04/07/22
 
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