MGT 2.00% 25.5¢ magnetite mines limited.

MGT TAKEOVER?? TARGET 4B Tonnes iron ore, page-491

  1. 976 Posts.
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    True, magnetite commands a higher price post processing than haematite. But just looking at the history of failed magnetite projects in Australia, it's hard not to conclude that the price premium isn't sufficient to offset the added costs in most cases. I hope for MGT holders sake they prove to be one of those rare exceptions, but the risks are clearly there.
 
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