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0.00% 30.5¢ magnetite mines limited.

Hi Daveds5, yes the grade is low but it is magnetite and is...

  1. Chiller
    2,985 Posts.
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    30/04/21
    08:48
    Post #: 52831948
    Hi Daveds5, yes the grade is low but it is magnetite and is easily concentrated and that is what MGT is proposing. They can concentrate the magnetite for little expense and get the ore up to around 69-70% iron through magnetic separation. MGT will get a premium price to the 65% benchmark. The PFS will outline the costs involved. gl
    Last edited by Chiller: 30/04/21
    MGT Price at posting: 5.6¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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