MGT 25.5% 6.9¢ magnetite mines limited.

Not down ramping because I believe in MGT and hold a significant...

  1. 10 Posts.
    Not down ramping because I believe in MGT and hold a significant parcel. However, IMO we can't compare FMG to MGT for the simple fact they produce iron ore. FMG's bumper profits are off the back of hematite/goethite deposits which is DSO and can be mined in bulk tonnes for 100's of millions of tonnes per annum . Magnetite on the other hand is HARRRRD and slow drilling so will reduce the amount produced each year. On top of that magnetite requires processing which require further costs. With these simple facts alone we should not be comparing MGT's potential to FMG. It is like comparing apples and oranges.

    IMO I think MGT will carve out it's own piece of history in the resources sector.
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