At the end of the day , this announcement is just 2 companies carrying out a feasibility together, no insto is going to buy up on this news , especially when there's not much info out there on Mid Metal , now I'm not saying that this news isn't positive . If Mid Metal mean business and the study is positive then it will be a game changer for MGU , I have stated many times before that Green Steel is going ti be huge going forward , and Magnum are well placed to take advantage , they just need to execute .
If the study is positive , which I believe it should be , and Mid Metal commit or come on board as a JV partner and throw in a few hundred million , then we will be in business , huge re rate on the cards , but for now it's a waiting game ,hopefully we get to see the study results with some degree of accuracy and not all these disclosures/disclaimers we have seen of previous studies .
MGU Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
