MGU 9.09% 1.0¢ magnum mining and exploration limited

Ann: MGU makes strategic appointments, page-2

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  1. 497 Posts.
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    On paper and at first glance, these look like two excellent appointees to the board with extensive industry experience, and a clear sign that they are serious about getting this project up. I’d read about both the Hismelt Corp and Appalanche Iron projects so it does raise the obvious question of whether they are reconsidering HiSmelt here again now too.
    Would presume not for now at least, given the TOA study would be progressing based on the rotary kiln/biochar technology. But either way, these guys are clearly experienced in the concept of producing clean pig iron. Will need to spend a bit more time researching them, but this surely provides a little confidence to holders who were doubting the motives and experience of Anoosh/Athan with only financial backgrounds. Was only a matter of time before industry expertise was brought back on the board too.
    Last edited by RMInvest: 07/06/22
 
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