MGT magnetite mines limited.
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100% Agree.The problem lies in the fact that the AISC of...

  1. Jas K
    735 Posts.
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    14/03/24
    23:55
    Post #: 72895715
    100% Agree.
    The problem lies in the fact that the AISC of producing that product must be low enough to be competitive / sustainable and remain cash flow positive after repayments.
    Sometimes, it just doesn't matter how good the CEO, Board, Management are if the particular project is not economically viable.
    Good management usually identify this in a timely manner, minimising capital loss. Management that don't, should be avoided and viewed with high degrees of caution.
    Everyone's understanding, perspective and acceptance of "timely manner" will differ of course.

    Question, does MGT have top quality ore?
    MGT Price at posting: 26.5¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch. 1  Great analysis
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8.9¢ 		Change
-0.004(4.30%) 		Mkt cap ! $11.25M
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9.2¢ 117762 1
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