Because he actually knows when the planned end of mine life is at Koolan Island whereas the rest of the shareholders/investors are left to guess at it or do a calculation - so reserves at 30Jun22 were 16mt and they're planning to mine it at a rate of 4mt/pa so end of minelife(and MGX -as they have nothing else if you are brutally honest) is 30Jun26 - they don't seem to be doing any drilling work to convert resources to reserves at Koolan Island so we can assume they think that exercise is a waste of funds.
Will they pay shareholders 40c+ in dividends between now and then? It's very doubtful in my view.
Please convince me otherwise on these points so I can complete my assessment here.
MGX Price at posting:
42.5¢ Sentiment: None Disclosure: Not Held
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