MGT 4.41% 32.5¢ magnetite mines limited.

I also don't think they are chasing an offtake. Offtake...

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    I also don't think they are chasing an offtake. Offtake agreements generally sound good but usually aren't that positive for the explorer.

    Management are likely going after a takeover or funding. If I had a cheeky 500 million, it would be a no brainer.

    Even with IO prices at $110, you would pay off the debt in 5 years and make $140 million a year for 20 years.
 
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