MGU 23.1% 1.6¢ magnum mining and exploration limited

Ann: Magnum to fast track Iron Ore shipments, page-42

  1. 14,840 Posts.
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    Does anyone know how much DSO ore MGO intend to ship per year?

    Even a million tonnes at US$217/t for 62% ore would bring a very tidy profit for the Company to fund the Green Steel project and mine expansion.

    Profit of US$100/t would = US$100 million.

    For a Company with a $85 Million MC it looks seriously under valued.

    ZERO STATE ROYALTIES, LOW CORPORATE TAXES.

    https://hotcopper.com.au/data/attachments/3190/3190970-8619c9b6938a1597e599b87fcca2c1ba.jpg
 
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