Ann: Full Year Statutory Accounts, page-60

Its in the ass hole of Africa and still 3 times our market cap and its selling a lower grade .

However they have a PFS with a lot more detail than our " Scoping Study " and they dont have +- 35% accuracy in their operating costs , which are set at US$59/t ,
whereas MGU operating costs with a +- accuracy are between US$44 - US$90 /t , which is quite the difference , and even with the premium on higher grade its still very murky as to how much Magnum can produce 1 tonn of ore for , i notice GEN have Chris Ellison on the registry as well .
Things are just too vague with Magnum , studies are too vague , a PFS or FS for BV would make a huge difference but they dont have the cash for that .