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8.33% 1.3¢ magnum mining and exploration limited

Ann: MGU progresses towards DSO, page-3

  1. kellbys
    15,544 Posts.
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    20/05/21
    09:08
    Post #: 53294416
    So Q4 confirmed for the first DSO shipments to Asia.

    The high grades are outstanding and will attract a premium sale price from the Asian steel mills!

    ➢ Sample testing completed by American Assay Laboratories
    ➢ Sample testing confirms high grade (+67.5%) Fe concentrate
    ➢ Buena Vista has 232 million tonnes of iron ore
    ➢ Magnum On track to ship shovel ready DSO in Q4 2021.

    It is now the intention of the company to secure favourable terms that include an offtake agreement, cornerstone investment and possible future debt funding to further accelerate our vision and growth plans for the supply of a Green Steel HBI product.
    Last edited by kellbys: 20/05/21
    MGU Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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