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4.2¢ magnis energy technologies ltd

Ann: Change in substantial holding-MNS.AX, page-41

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kingofhell

2,082 Posts.

87

16/06/16

17:49

Post #: 18050311
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Originally posted by Prime1 ↑

Riskon, the Balama underestimate you refer to appears to have been a whole US$5m, over and above the previous estimate (including contingency). The balance of the increase seems to reflect expansion and variation of their project. (Adding in a power station, additional process equipment, and similar stuff)

For a mine being set up in a remote part of northern Mozambique, that looks like pretty good project cost control to me.

If Nachu comes in that close, I think most MNS holders will be delighted.

Cheers,

Prime1

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I am very happy that Tolga intends to pump the bubble fish further.

MNS Price at posting: 94.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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