Goodheart, MGX shows 19.1 Mt in Mineral Resources. Surely I'll hope this entire 19.1 Mt is worth mining and will be mined, which will extend the mine life for another 3-5 years, but management might come out at some stage and say that <19.1 Mt is worth mining.
1 - Do you know if this "Mineral Resources" consists of iron ore only? Or it may include ore and something else? 2 - The indicated Fe is 62.8% for the 19.1 Mt. How do we as outside shareholders know if this 62.8% is somewhat correct? Can it be lower/higher than 62.8%. 65% Fe ore is what we investors hope for of course.
Your feedback will be greatly appreciated.
MGX Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
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