Interesting, you are the first geo ive spoken to who is bullish on Magnetite and yes I am aware of what is occurring in China. Bit of a meme though considering all their other shit they do to the environment with Mat nickle and the Sino Gineua Iron ore project.
You are not concerned about supply coming into the market from Hematite producers? Or are you convinced that the extra margin made from the magnetite would be enough to make increased iron supply a non existent factor?
And would you be at all concerned about Rio and BHP getting into the magnetite game if its so popular. Because from what I've heard they have a metric shitload of it lying around but just cant be bothered to pull it out of the ground.
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17.0¢ |
Change
-0.005(2.86%) |
Mkt cap ! $19.60M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 17.0¢ | $44.97K | 260.6K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8508 | 17.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 49993 | 1 |
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| MGT (ASX) Chart |