what Great news? Didn’t management commited to deliver BFS by end of Dec 2021 few months ago!
What target dates? There is no date for Financing strategies, no BFS only FS with basic project NPV, IRR and APEX/OPEX.
what iron ore price? Who knows what iron ore price we will see in next 6 months there is no magic demand coming from China or elsewhere!
What DSO? Management can’t finish desktop Feasibility Study for 2 years, do you expect them to start shipping DSO in next 6 months, at this current price is it even feasible, what are cost benefit analysis, do they have $$$$ to work on it.
what share price tight? There is no volume on buyer side since IPO, did anyone from management bought shares since IPO even it went to 9 cents in early 2020 from IPO price of 25 cents.
MIO Price at posting:
38.5¢ Sentiment: Buy Disclosure: Held
