The talks that Peter has been so hush, hush about due to making a good financial deal do not pertain soley to MGX, but also influence other players in our team (FEX) in them also trying to get the best deal, such as FEX recently becoming the major holder in Byro magnetite (just a short drive to the north of our Tallering Peak magnetite tennament).
A GSWA pellet plant in Mullewa could be fed by MGX's Tallering Peak, FEX's Byro and Terra's Extension Hill . . . and that is just for starters.
Timely is the Geraldton Port upgrade from a 15 mtpa to a 25 mtpa facility to accommodate iron ore (magnetite) growth in the midwest.
John Welborn has stated New Haul road train carrying capacity from Midwest to Geraldton Port to be 10 mtpa . . . plenty for starters. New Haul at 6 cents per tonne per km is cheaper than using our old rail siding at Mullewa.
MGX Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
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