MGT 1.54% 33.0¢ magnetite mines limited.

Guys stop asking silly questions......and trying being technical...

  1. 2,189 Posts.
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    Guys stop asking silly questions......and trying being technical down ramper..........the question like guys what happens if PFS turned out to be negative....i mean give me a break.


    1. We had two PFS one in 2013 Jan and other was optimized PFS in Nov 2013. The project did not fail please correct your self. The IO prices got smashed
    plus Gordon toll ex chairman had different vision. Mainly the issue was high capex with bulk mining.

    2. We have low capex with selective high grade mining.
    3. By using existing infrastructure so lowest possible capex

    4. We have next ore game changing tech

    5. We r in commodity super cycle.

    6. We have massive chinese demand on rise.

    7. With $180 price anything would be economically feasible. MARK MY WORDS. Dun you look at many sleeping proects getting into life.

    8. We had $69/t C1 opex cost in 2013. Dunt you think it gonna decrease atleast with next ore? and we could sell it for $180 actually around $200 for 68.8% grading. Any school drop out can see whats coming next. They had future price of $120 in 2013, atleast 150-160 would be in 2021. Failed PFS is highly unlikely.

    9. Massive promotion, hints from time to time from the management. Do you think share price rose to 4000% merly on speculation?

    10. Dun for get SA govt role in that and many more.

    I can write 20 more points but yea no space for technical down rampers.


 
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