MGT 3.57% 27.0¢ magnetite mines limited.

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  1. 2,949 Posts.
    lightbulb Created with Sketch. 1423
    Whilst FMG started production with a crapload more mtpa than MGT will, I do strongly suspect that we would be at least .40/.50 by late '24... then probably over 1.00 in '25 (IMO).

    But look... we don't know. Also, we don't know how we're getting DFS funding or production funding yet. We might even get funded to produce something a lot bigger.
    Or we might need to split 50/50 with a partner, with our current projected production to get there. (Having said that, the first option would likely be the case.. We are in a very, very hot position).

    We will definitely see what happens... we've all de-risked this to death, but its not over, till its over.

    Otherwise, thanks for the recent tips, Ric - just remember you're our guy


 
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