MGT 1.30% 38.0¢ magnetite mines limited.

MGT share price, page-11705

  1. 200 Posts.
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    Wow how did this thread become about HIO???

    I am employed in a senior roll supplying capital equipment into the mining industry and have been for many years.

    Understand this, rail transporting finished product is the most economical form of transport for iron ore. Especially considering the infrastructure is already in place.

    HIO slurry pipe will be the second longest surry pipe transporting iron ore concentrate in the world if it happens.

    HIO will be lucky if they can find enough water for production let alone the extra water needed to dilute to a consistency suitable for pumping....

    I read all HIO's announcements and nothing states that they have enough water to do 20mtpa as a slurry nor any mention of the cost of a dewatering plant near the make believe port.... More costs per tonne not yet costed...

    Anyhow can we get back to discussing MGT???
 
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