MGU 7.69% 1.2¢ magnum mining and exploration limited

Ann: Maiden JORC 2012 Resource for Buena Vista Magnetite Project, page-5

  1. 4,068 Posts.
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    Don't worry.

    This thing's going to be BIG.

    And with this JORC study in, the newsflow starts cranking up in earnest.

    Don't forget, the numbers on the 2013 Buena Vista PFS already looked good.

    Remind yourself here:


    https://hotcopper.com.au/data/attachments/3027/3027516-e554569db34cf711c8acc564f2a12ed0.jpg
    (Click to enlarge)


    Now the Company's telling us there's 31% more in total reported Mineral Resources at Buena Vista than originally calculated (232Mt rather than 177.3Mt).

    Remember, that doesn't include anything from what they're calling Iron Horse, the undrilled highgrade magnetite prospect announced recently, located around 800m ENE of the existing Buena Vista magnetite resources.

    And the selling price we can achieve today just blitzes the number in this chart.



 
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