why is mgx floundering, page-14

MMM,
I tend to agree with the general sentiment.

I think the main concern for investors is the longevity of the current sites.

Tallering peak is looking at doing 4mpta and has an expected mine life of a further 4-6 years

Extension hill is looking at doing the same volume when it comes online, the ore is close to the surface and the stripping ratio is looking trez sexy (pardon the pun). Yet is looking like producing for only 4-6(ish) years

Koolan Island I don't know a whole lot about....

But all in all, places like GBG are looking at producing for 40 YEARS sure Magnitite it is more capital intesive to prepare for sale(sail). They also have Hematite reserves larger than MGX that they are trying to exploit first for cashflow straight from the start.

Please DYOR I have only my memory of things that I've read here and there and can't give exact references.

Cheers to Holders

YRT