With a tin project in production, in an historically prolific tin district, and significant gold upside, MGT offers investors a sound investment proposition.
High Margin Product
The Company’s investment proposition begins with its high margin tin production from its flagship MT Garnet Project. Stage 1 of the plant refurbishment is completed to increase the processing capacity to approximately 70,000tpa. With a low initial mining cost due to the close proximity and shallow open pit mine, MGT will be generating strong operating cash flows.
Strong Tin Market
Tin has been one of the best performing commodities in recent years given the dependence on tin in electronics. It currently faces a severe shortage of supply going forward as old mines close, grades decline and there is limited new supply coming.
Excellent Project Fundamentals
MGT will increase processing capacity increasing to 250,000 tpa for only a modest expenditure. Its existing JORC resource enables over 10 years mine life at current mill capacity.
Gold Exploration Upside