Just after watching the webinar , i was under the impression that there was f* all in it , theres a tonne of info in there .
So next cab of the rank could actually be Bio Char , didnt see that coming .
Eight potential offtakers / investors in the data room , some of which wanted to fly back to view the ports and get actual samples from the mine site , so a lot of DD being carried out .
Mid Metal are owned by executives of Hadeed and Maaden , now this is interesting , 2 huge companies , Maaden are 50 billion market cap if my currency conversion is correct ,
So they seem to be leaning towards Mitsu and Anglo or other trading houses for the 68% Fe , Mid Metal only there for the Pig iron by the looks of it ??
A face to face with the Saudi government is no mean feat , would like to hear more on that in the not too distant future .
Re the demand for the DRI , well 10x will do just dandy !
All in all , happy with Neils response , didnt try to pump or sugarcoat anything , seemed to be pretty up front and detailed , i think previously he could have given us some more detail on Mid Metal and maybe a bit more detail on the amount of investors / offtakers in the data room ,
Anyway ill take it , happy enough to wait it out .
MGU Price at posting:
1.7¢ Sentiment: Hold Disclosure: Held
