Ann: Drilling And Surface Sampling Confirms High Grades, page-61

GDP has been slowing the last 3 quarters but still in positive territory , i dont think Australia will see a recession , not with the US markets back on track , maybe a slow down in Australia and inflation sticky for longer , they should have hiked harder and faster at the start but the RBA didnt wanna crash the Aussie housing market .
How will this affect Magnum ? who knows , all we need is the Iron ore price to remain firm and we shouldnt have any problems, what i like about the Green Pig iron is that there will be a demand for it as the world pushes for net zero , steel is a vital part to rebuilding and Magnum are in a very good position to capitalize on that .
If the Appalachain project can be proven viable by using old tailings and waste dumps to produce green steel then it will be a game changer , not only will they be cleaning up old mines they will be making money doing it and with a very low carbon footprint , this in my opinion is a very niche sector to be in . Still very early days and lots of money and studies required to see if its viable but to me its worth the punt , especially at these levels and especially when they can easily achieve at least 100 to 150 million market cap from producing high grade DSO , the DSO option is like a hedge or an insurance policy or something to fall back on if the worst case scenario presents its self , which would be the Pig Iron not being viable .
I see a few remarks to day about the sell off , this is extremely common after a huge spike , we were up over 100% in a week or 3 so punters are cashing in , who wouldnt as it was easy money , hopefully we can consolidate at these levels now as we await further news , and if we read between the lines we can see that there should be at least 2 to 3 game changing announcements due over the coming weeks which should see Magnum transition from a penny dreadfull spec to a cashed up near term producer .
The DSO looks to be full steam ahead , recent drill hits look solid and have identified high grade outcrops for early cash flow , Mou with Mitsubishi should now become binding soon and the recent trip to the US will probably unlock finance to get up and running , its all their in the announcements .
Im looking forward to the next 2 months !!!
AIMO DYOR .