Thought to share few key points - I make these notes for my each...

Thought to share few key points - I make these notes for my each stock I own and share it with friends.. thought to share here.. DYOR.. IMHO

MGT- We should reach 3 cents in few days.(5 more trading days) Pre feasibility to be expected exceptional
• MGT Raised $5.65 million to accelerate pre-feasibility @ flagship Razorback iron Project
• Magnetite announced positive results from a selective mining assessment in mid-August.
• The company is following a rigorous and disciplined process to develop an optimal scope and move towards production as soon as possible
• Next Ore tech will give MGT a leg up in processing its ore #lower cost # higher head grade not even RIO or BHP can produce
• Same technology used by FMG (SP $17)
• Lab tests verify, can produce grades of nearly 70%
• The rocks at Razorback are also much softer than other iron ore projects, particularly in Western Australia, and require less energy to grind, which lowers the cost.
• Magnetite Mines is well positioned to take advantage of rising iron ore demand and the surging price, given processed magnetite ore is becoming the product of choice for Chinese steelmakers.