yep, MGU has a different situation, but it ends up the same; in that their HBI when in production tin in 3 years will make a round $100 profit at bottom of the cycle prices.
I am still working on MGU. Looks ok on the surface. Just not sure how big it’s going to get and in what timeframe. I can see the next 3-4 years planned out ok. I’m keen to see the DFS numbers in the 68% concentrate in stage 2.
that’s why I moved some more $ into CAP, MGU and a bit in MGT. to derisk my Heavy weight in the higher cost ones that are producing now.
cheers,
ned.
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