MGU 14.3% 1.6¢ magnum mining and exploration limited

Ann: Magnum Mining Presentation, page-18

  1. 491 Posts.
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    Yeah that’s the MinRizon conceptual study you refer to as opposed to the engineering study by TOA which they started in Feb.
    Entities aren’t under any obligation to publish studies, if they choose to do so the regulations are very burdensome, this article is an interesting read:
    https://minassist.com.au/is-the-scoping-study-still-relevant-in-mineral-project-development/

    Check under ‘rules of thumb for a scoping study’ in that article - I suspect in MGU’s case that because their resource is not measured, only indicated and inferred, they may not be able to publish results of studies based on that resource. Also the market cap is tiny compared to projected cost, as described this may preclude them forming a reasonable basis to expect funding can be secured.
    I think there’s a good chance we will not see the results of any study for a long time, at least until they complete more drilling and potentially till the market cap is far bigger, amongst other things.
 
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