MGT 2.94% 16.5¢ magnetite mines limited.

IMHO DSO heamatite and magnetite is an apples and oranges...

  1. 202 Posts.
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    IMHO DSO heamatite and magnetite is an apples and oranges comparison.

    I can't think of a magnetite producer who's capex was measured in tens of millions. It costs a lot more to build a process plant than to build nothing, which is about what you need to get a digger to tip something into a truck!

    If PFS capex comes out within 10x of the Fenix number MGT is going to the moon. Not sure about the second, but I doubt the first will happen
 
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