[INTERVIEW] Magnum Mining'S CEO takes on MD responsibilities, page-3

Yeah he was quite upfront on certain things, it was an interesting interview, somewhat topsy turvy in places I must say, both positively and negatively.

On investors, after describing why some have not committed to the mine such as not big enough or labor costs cheaper in Brazil he says:“Some are committing and we hope to get some commitments very soon”.

He later goes on to say there’s more interest from investors in the biochar plants in and Pig Iron plant in Saudi Arabia, less interest in the mine (BV). So the company is focusing more on the biochar and pig iron plants.

But then goes on to say:“I am confident that we will get offtake agreements on the Iron ore very soon” indicating there is indeed still focus on this.

It’s certainly a bit concerning that the mine isn’t seeming to pique interest right now, but like he mentioned, securing offtakes would sway potential investors somewhat. But it’s definitely something to take note of here.