Funding: As previously announced, Magnum has received a number...

Funding: As previously announced, Magnum has received a number of proposals for funding from institutional investors in North America. Magnum currently has a good cash position, is confident of achieving an off-take agreement for its ore and is also close to its first DSO shipment. The interest from institutional investors is good validation of the Buena Vista project but the MGU board is not in any rush to finalise any new funding agreement until such time that it requires additional capital for the project and has sufficient time to review all proposals.

The above is from the update to day ,