MGU 0.00% 1.0¢ magnum mining and exploration limited

Ann: Magnum Mining Presentation, page-4

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  1. 497 Posts.
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    It’s nice to see a very professional pack and inclusion of some additional key persons..just have to hope they stick to a plan now, the amount of pivoting has been a bit bewildering..and I wonder if we’re actually going to see any metrics from the conceptual/scoping study(ies) or if they’re for internal use only.

    Anyone who read the pack would see they’ve provided what appears to be a CAPEX estimate of $1B..it’s not surprising it’s that high, but if they’ve provided that, they must have some internal PFS they are working off and they’d want to get some numbers out around NPV sometime soon as this project now looks to have gotten much bigger, more complex and much more expensive than we’ve been led to believe previously. It’s odd to quote a CAPEX without some context around other financials to understand why anyone would want to invest here currently.
 
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