Pleasing to see Guy Le Page pick up on Buena Vista late last week:
December 11, 2020
Guy on Rocks is a * series looking at the significant happenings of the resources market each week.Former geologist and experienced stockbroker Guy Le Page, director and responsible executive at Perth-based financial services provider RM Corporate Finance, shares his high conviction views on the market and his “hot stocks to watch”.Another iron ore explorer that has popped up is Magnum Mining and Exploration (ASX:MGU), which just acquired the Buena Vista magnetite project in Nevada in the US.
That project has had about $30-odd million spent on it and can produce concentrate of up to 67.5 per cent Fe. It’s very close to rail, power and port.
Magnum is looking at updating the feasibility study by the middle of next year. So that’s another one to watch.
I think the difference here is the Buena Vista magnetites are metamorphic in origin and are not as capital intensive as the Australian magnetite banded iron hosted deposits.( Source: https://unauthorised investment advice/experts/guy-on-rocks-its-not-just-about-gold-and-iron-ore-this-one-nickel-stock-is-looking-mighty-fine/)
