MGT 0.00% 14.0¢ magnetite mines limited.

MGT share price, page-6840

  1. 3,080 Posts.
    lightbulb Created with Sketch. 1443
    Ah, I just realised something else, too.

    Looking at the upgraded resource values, as listed in the May 24 announcement,
    Magnetite was found at 15.5 percent,
    in MGT's combined Razorback and Iron Peak deposits.

    Fe and eDTR appearing relatively unchanged.

    So whilst we can reference eDTR and Fe percentages, actual pulled magnetite percentage is the most relevant to us,
    as that's our product.
    Makes sense. There'd probably be pieces of hematite etc in there as well, which they'd need to separate off.

    That magnetite figure will be what they'll have utilised to do all their other calculations/testing.
    All part of the PFS work.

 
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