Rubbish BJ, MGT future is NOT looking positive.
You keep banging on about "Patience is the key ingredient here"
The key ingredient here is actually (LOW COST, SUSTAINABLE PRODUCTION) of high grade concerntrate.
MGT will not be a low cost producer of anything.
What is it, that positions MGT favourably in the next twelve months or so? Why do you think this?
No matter how much you read about green steel or decarbonising the steel industry none of it actually has any direct correlation to MGT. Reason being, MGT have a very low grade magnetite deposit stranded hundreds of kilometres away from a fairytale undeveloped port and minimal critical infrastructure.
To think all this critical infrastructure can be funded and then repaid after mining and processing the gigantic BCM to produce 5Mtpa concerntrate is NOT REALITY.
One thing is 100% certain and it's the huge volumes of ore that must be processed to achieve the targeted 5Mtpa concerntrate.
What's not certain is the ever fluctuating IO price, although more stable at this end of the market it's still not immune to fluctuations mainly driven by Demand.
I get the low impurities and all that amazing spin but reality is, this can not be done, sustainably at low cost!
Big John, your "key ingredient"is heavily detrimental to your health and bank account.
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