MGT share price, page-12373

Any idea how much is MGT worth if someone buy over its mining right?

Just google and found out Clive Palmer sold his magnetite mining right of 2 billion ton resource to Citic with upfront $415m payment plus royalty. The whole deal is about $5 bn. Citic made about $2 bn profit last year.

Now look at what we have. Resource at Razorback and Master Dam combined is 5 billion ton and Tim said that is only 10%! As the demand for Magnetite Iron Ore increases tremendously till 2050, I think MGT is going to be well sought after target as strategic partner or buyout.

So, why keep the thought of dilution coming into your mind. We are sitting on a treasure island that could be worth billions of dollars...if suitors come by. And hence, that's why Tim has just set up his Sydney office.

Someone obviously see the same thing I see and have been accumulating even on very bad day as everyone is still asleep. LOL.