MGT magnetite mines limited.

A lot on here need to be spoon fed and even then get it...

  1. 872 Posts.
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    A lot on here need to be spoon fed and even then get it wrong.

    try https://www.energymining.sa.gov.au/industry/geological-survey/mesa-journal/previous-feature-articles/magnetite_south_australias_potential

    to understand the extent of magnetite deposits in SA, some mining, many approved.

    Indicative 25 totalling c10,000 Bt (Razorback 2731 Bt)

    from the report "South Australia’s economically demonstrated resource of magnetite ore currently totals over 6 Bt" This is what Koutsantonis has in mind when he downplays the need for further mine approvals. It is not as if the world or SA iis waiting with baited breath for MGT to roll. Probaby why partners are suggish, and yes, why the money is going to Whyalla.
 
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