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1.4¢ magnum mining and exploration limited

Ann: Anglo American Agreement, page-144

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DonEpifanio

49 Posts.

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20/08/21

15:19

Post #: 55449146
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Originally posted by Nahyeah: ↑

this is a concern I've always known iron ore to have 7 year swings. We are due for that crash to. I wouldn't be surprised to see $60-$80 a tonne. But in saying that, if the company is serious and there will be a market for green steel I wouldn't be surprised it will creep up. I think for the time being start topping up. I bought 500k shares at 17c I'm pretty much almost 50% down. I'm not to concerned at the moment. But I don't know what the company is planning or what the costs are as they haven't provided that. We will just have to wait and see. Green steel is a attractive prospect to investors, along with lithium ( AVZ ) or a uranium miner like ( AGE ) look at the history and these company's have had serious downturns but prevailed so I don't see why this company won't either. I wouldn't mind them also spending some money on some exploration to find another deposit or a different commodity.

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not to be a debby downer but if we are at 9c at 150 a tonne then 80 a tonne would make us sub 5c if this continues...

MGU Price at posting: 9.3¢ Sentiment: Buy Disclosure: Held
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