MGT Social Media Posts, page-375

Project financing ends christmas time re that same timeline.
Decision to mine is also chrissy/

I hear you re approvals and titles,
however various funding and business decisions can often be achieved before such milestones.
I do believe you are correct though in that some lenders/specific offers may require a bit more she-bang -
and it may also be in our best interest.

Irregardless,
the company itself has relayed they will be discussing financing in conjunction with completing DFS in previous announcements.
They're very busy.

Also JV is definately an option.
re latest expansion announcement;
'We continue to advance discussions with potential project partners and financiers and note the
project’s sustainability credentials are a critical factor for many industry participants. Through
Magnetite Mines’ emerging ESG framework, we are well-positioned to deliver a premium high-grade
product increasingly sought for low-carbon steelmaking globally with premiums for higher-grade
ores continuing to reflect this position.'

Also note expansion pres;

It would seem the expansion model is the main focus on financing -
i.e. we're looking for serious partners who can go the distance with us.

The more I assess it all, the more I think RIO or BHP may be a real option.
As has been mentioned, many management members already have the connections and insight re what is appeasing to same/

FMG already have their pet magnetite project up north,
which i find fascinating - they surely would have had a cheaper time merely taking over MGT and developing what's there,
with staff insight and existing tenement research.You can lead a horse to water...

Anyway, the other big folks are surely sussing out for their future re high quality iron.
When we're done with this DFS we'll have a neat little 27% IRR package at $110 IO

Big things ahead, and v exciting.