MGX 3.17% 30.5¢ mount gibson iron limited

September quarter predictions, page-4

  1. 1,656 Posts.
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    Hi Miningnut

    Your revised estimate of mine closure on 30th June 2025 does not take into account . . .

    1. Extensive work shoring up the western end of main pit where much of the resource is located.

    2. Peter Kerr at 2021 Diggers and Dealers talking about blending options from satellite resources.

    3. Application dated 6th December 2022 to extend the mining footprint by 143 hectares so that satellite areas could be mined with an estimated end date of 31.12.2030 as lodged with the Western Australian Government.

    If the mine is to close on 30th June 2025 then all of the above is not going to happen and such efforts are a total waste of time and money, as only the existing ore reserve will be mined.
 
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