MGT 8.77% 26.0¢ magnetite mines limited.

people have every right to whinge. Pls used 120 iron ore price,...

  1. 934 Posts.
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    people have every right to whinge. Pls used 120 iron ore price, and got a pathetic irr of 20 per cent. Wonder what a 95 iron ore price does, irr of 12 per cent.

    the dfs would have to be done daily again with the price drop of iron ore. The outcomes would be getting less favourable and extremely unlikely the more time that passes. Mgt is a dead duck. Management can dress it up as much as they like. Talk of funding, really, that's bulldust, no financier would even think of committing in the current climate and would not look at the project anyways. Until finance names are announced by companies I wouldn't believe a word they are saying
 
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