MGU
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0.00% 1.1¢ magnum mining and exploration limited

Ann: Clarification to Update provided on August 23., page-9

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  1. kaiseriqbal
    71 Posts.
    lightbulb Created with Sketch. 108
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    24/08/21
    16:32
    Post #: 55534489
    I agree, that announcement didn't provide anything new.

    It still doesn't make sense to me to not do phase 1. It would have been good to know the cost of production for DSO and fines.

    Iron ore prices are still quiet high at $140. Given Capex was only $12 million, payback would have been calculated in months. Either MGU is forecasting iron ore prices to crash or their costs are very high, neither of which seems probable.

    Go figure.
    MGU Price at posting: 7.9¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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