As shareholders of MGT we need to look at the fundamentals of this company, recently they have improved at the cost of a much longer term before going into production, governments around the world are now taking more action on decarbonisation, mgt is poised ideally for the transition to green steel and I truly believe it will become a profitable business.
Converting existing iron ore plants and mining operations cost tens of millions and the smart money will go into establishing new green infrastructure mining establishments, MGT mine life of 90 years will certainly attract interest, because if an identity is to invest they’ll be looking for returns on their investment over time, and we definitely tick that box.
Our green steel will soon give us all some green days.
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