100% agree!Water for a slurry pipe is a major hurdle that I have...

100% agree!

Water for a slurry pipe is a major hurdle that I have tried to point out to our friends over the border but their rose coloured glasses do not allow them to see... Making pellets or fines allows you to recycle the small amount of water you have available. A slurry pipe (wet product) increases the water requirement 10 fold....

• PFS = 30+ years with only 10% of the resource at razorback, not including Munster Dam.
• Munster Dam also less than 50kms to the rail line.
• 5 mtpa minimum start-up (stage one), estimated cost $2billion AUD.
• 3 x stages = 15 mtpa minimum, estimated cost $ 6 billion AUD. (No costing required for a slurry pipe).
• 5mtpa the "Sweet Spot", the risk to go larger on start up too risky and unlikely to receive funding.
• Steel mills contacting MGT to discuss supply contracts without MGT going to the market (High demand product).
• No need for "National Major Project Status" as all approvals are SA government in house. (with our own dedicated government representative).
• More DRI testing being done as I type this with results to follow shortly. (higher grade and DRI compliant = more customers and higher price)
• S.A.'s green grid power adds to the carbon neutral product we will be selling allow customers to collect carbon credits. (Good to be located in S.A.).

In my opinion, the NPV of this project will sky rocket on the release of the DFS now due during the first quarter 2023, current market cap is ridiculously small and on the release of the DFS / decision to mine we could be 10 to 15 times our current market cap.... This will be the longest 6 months of my life...