MGT 11.1% 12.0¢ magnetite mines limited.

MGT share price, page-9337

  1. 396 Posts.
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    While she was there to definitely talk FMG up, how much coin they’ve made, their a leading force in going green which Mark & Peter fo the same for us as any board member of any company should she makes very valid points of which multiple are pertinent to us and most of which we’ve all discussed.

    - green credentials, for us and our clients
    - environmental friendly iron/steel
    - jobs
    - royalties, state, federal & I know for us traditional owners are already heavily involved and allocated for.
    - etc etc

    While it’s a considerable amount the amount of money they would be looking to invest into going “green” would make our $500M a fraction of the cost. Not that I’m suggestion a T/O or JV just that companies will spend $B to get what we potentially already have. Just need the infill drilling program to confirm.

    From my own research I don’t believe raising funds will be an issue. Although I’ve said it before if a JV does end up being the most viable option, I’d rather us own 50% or greater of a mass producing mine apposed to 100% of a vacant block of dirt.
 
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