MGT 11.1% 12.0¢ magnetite mines limited.

slow down Champ, way too early to be concerned with funding...

  1. 203 Posts.
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    slow down Champ, way too early to be concerned with funding arrangements. People need to understand that the PFS was ultra conservative and that we sit on a Globally significant Magnetite resource. I believe the DFS will increase the projected reserve and dramatically increase the mine life. Consider the conservative PFS showed IRR of 20% for a iron ore price of $110 @ 62%. with the $140 million of "free cash" generated each year financing will be a walk in the park.
    The DFS will show considerable more free cash....
    This "Dog Stock" will prove that the share market is tool to transfer money from the inpatient to the patient ....
 
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