MGU magnum mining and exploration limited

Ann: MAGNUM ACQUIRES HIGH GRADE US COPPER-GOLD PROJECTS, page-14

  1. 4,090 Posts.
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    Ok mate , explain to me how its supposed to work ?

    Iron Ore in Nevada , over a year waiting on offtakes , $200-$300 mil Capex
    Pig iron in KSA ,minimum $400 mil in Capex required
    Rare Eartths in Brasil $10 mil at least just on exploration , gawd knows how much $$$ on a Scoping Study or PFS , light years away !
    And now Copper and Gold in the USA , another $5 - $10 mil om exploration alone ,
    all whilst we are sitting at $5 mil ,market cap , 900 million odd shares on issue and not a pot to piss in , and a board who have never in thier lives ever built a mining company from the ground up , gimme a break mate .

    " And for those yelling “dilution!” — you’re only getting diluted if you’re not participating. That’s your choice. Only non-believers miss out."

    And in regards to your comment above , thast up their with one of the stupidest on Hot Copper , tell me again how the company is doing since the new board has taken over ?? or maybe silly me , im a non believer , but maybe i should just throw another $100k at it or else il get diluted .

    Mark my words , a class action is loming , i dont give a f* who they think they are .
 
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