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5.41%

17.5¢ magnetite mines limited.

MGT TAKEOVER?? TARGET 4B Tonnes iron ore, page-2267

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bahar

13,306 Posts.

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08/09/20

07:50

Post #: 47159312
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Originally posted by intelinvest ↑

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.

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Well posted, in other words, 5c is coming very soon.

MGT Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
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Last 17.5¢		Change -0.010(5.41%)		Mkt cap ! $20.18M

Open	High	Low	Value	Volume
18.5¢	18.5¢	17.5¢	$9.751K	54.00K

Buyers (Bids)

No.	Vol.	Price($)
3	117152	17.5¢

Sellers (Offers)

Price($)	Vol.	No.
18.5¢	20501	2

View Market Depth

No.	Vol.	Price($)
3	117152	0.175
8	161822	0.170
2	11200	0.165
2	90000	0.160
1	10000	0.155

Price($)	Vol.	No.
0.185	20501	2
0.190	44358	1
0.195	8310	3
0.200	132206	3
0.205	49999	1

Last trade - 16.10pm 07/10/2024 (20 minute delay)

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