you say 2028. About a year ago, miningnut was estimating end of mine life was before Jun 2026. I don’t pretend to know what’s right, but to me, that only serves to highlight the uncertainty in the end date, and the difference in value it leads to is substantial. My guess is that if they really do find themselves in 2028 with no other better options, then they’ll only close everything down, resign with a payout, and return the rest of the cash to shareholders as an absolute last resort. Seems more likely to me, that the end date will continue to drift outwards as they clear out the last pockets of ore and work out that at least some more of it is accessible. But that’s just IMO, and I’m just an amateur guesser, not a mining person at all.
MGX Price at posting:
43.5¢ Sentiment: Buy Disclosure: Held
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