"And is this an option for MGT to ship our ore there vs building out port pirie now that the monopoly of the whyalla port is no longer an issue?
Have I missed something? MGT Don't have any "ore". They are not a mining company, they don't even have a mine! MGT aren't even an exploration company.
MGT portray themselves as a "mining company" painting the picture as producing high grade low, impurities 70%>Fe Concerntrate. Lol. Reality is, MGT have a tenement containing traces of Low Grade Magnetite.(commonly found across most of Australia btw) The value of this tenement is ZERO . Why? Feasibility. It's simply NOT VIABLE, the Titans of Australia's Iron Ore Heavyweights have know this for 30+ years.
However, the very clever minds at MGT have realised, that the value of, "marketing this tenement" is very lucrative for themselves and has the protection of, no accountability. MGT hasn't bothered constructing a "Pilot Plant" on site to prove they can successfully produce the 68-70% Fe Concerntrate they claim. Yes, and we all know why.
MGT management dearly value shareholders contributions.
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