Australia's largest stock trading and investment forum Australia's #1 stock forum

MGU

Click for more information

0.00%

1.3¢ magnum mining and exploration limited

Ann: Buena Vista Project Update, page-107

First 107 Last

Share
Profile

Follow
Kanems

1,373 Posts.

134

14/02/24

13:33

Post #: 72402306
Share

Originally posted by yabo: ↑

If I recall the 12 month target was floated last year when they were assessing second hand processing equipment that was available. Given the delays in offtake/funding I presume that this opportunity either didn't suit their requirements or it was sold elsewhere if it was any good.

I think that this would impact on their potential timing.

Secondly, the project is frozen over in parts of winter, which means that development activities for a mine are very difficult in those conditions even though a mining operation once operational can work through winter.

Given we are in mid February and funding will take up to 3 months, then I think that next winter will have an impact on development timetable that might of been avoided by earlier funding and access to existing second hand plant.

If they bring forward funding then that may help but its difficult with out understanding the project development scheduling, and which parts are impacted by next winter in Nevada.

Therefore, personally it probably sounds realistic as we stand today and they are awaiting offtakes and funding.

Expand

So wouldnt it have affected the year timeline aswel?
and didnt neil say there was an abundace of 2nd hand gear around? It was just differant sizings

MGU Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

PL3

Patagonia looks to raise $2.15M for South American exploration and development

MSB

Mesoblast resubmits US FDA application for approval of Ryoncil in children with graft vs host disease; shares dip -4%

SRL

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston

OCC

Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

SPR

Spartan sniffs 126g/t gold ahead of resource upgrades at WA's Dalgaranga

There are more pages in this discussion • 24 more messages in this thread...

First 107 Last

Add MGU (ASX) to my watchlist

(20min delay)
Last 1.3¢		Change 0.000(0.00%)		Mkt cap ! $10.52M

Open	High	Low	Value	Volume
1.3¢	1.3¢	1.3¢	$9.036K	695.0K

Buyers (Bids)

No.	Vol.	Price($)
3	244289	1.3¢

Sellers (Offers)

Price($)	Vol.	No.
1.4¢	553767	4

View Market Depth

No.	Vol.	Price($)
3	244289	0.013
15	1924498	0.012
6	1225497	0.011
6	1027923	0.010
1	1500000	0.009

Price($)	Vol.	No.
0.014	553767	4
0.015	267388	2
0.016	1518044	4
0.017	168000	2
0.018	218875	1

Last trade - 15.38pm 09/07/2024 (20 minute delay)

MGU (ASX) Chart