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

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.