That's an excellent article, Stephen. Thankyou. And to Stockheed.
Peloton Capital analyst, Ian Spence's, view that supply is not emerging quickly to put the screws on prices, and grade premiums from here are likely to be the most important consideration, meshes perfectly with MGU's near and medium-term objectives and strategic plans.
Indeed, Magnum is one of his 3 picks, as he favours magnetite producers and project developers "...who promise to produce a premium high grade iron ore concentrate".
As prices decline, product grades will be key to profitability because of the steep premiums high grade fines, lump and concentrate now garner.
Well worth a read ...and MGU featured prominently.
MGU Price at posting:
17.3¢ Sentiment: Buy Disclosure: Held
