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0.00% 1.2¢ magnum mining and exploration limited

Ann: Maiden JORC 2012 Resource for Buena Vista Magnetite Project, page-7

  1. Nowhere Man
    4,076 Posts.
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    24/03/21
    16:08
    Post #: 52009655

    Yep.

    Resoundingly ...Ooh yeah!

    Total reported Mineral Resources at Buena Vista just increased by 31% to 232Mt.

    Now, remind me ...what was the NPV of the project when it was just 177.3Mt?

    Ah yes...

    From the 2013 PFS:


    https://hotcopper.com.au/data/attachments/3031/3031629-493c1969b054b10be288d41059c81ad8.jpg


    Those are US dollars.

    And Iron Horse, which the Company is now thinking represents a potential DSO ore source and a high grade blend to Buena Vista ROM - Iron Horse wasn't even part of the equation then!


    Last edited by Nowhere Man: 24/03/21
    MGU Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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