MGU 8.33% 1.3¢ magnum mining and exploration limited

Ann: MGU progresses towards DSO, page-92

  1. 289 Posts.
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    learn how to spell bro. Iron ore price falling? You mean the Aus / China relationship and our exports? Your responses lack substance. Just winning a small off take deal to contribute to the massive infrastructure spending in the US, is plenty to keep demand mgu profitable. Even Australia is increasing its infrastructure spending in this current budget to stimulate jobs. You obviously don’t follow the news... check other iron ore producers. Hardly representative of a fall out similar to a2m or treasury wines. Although this is a mute point given MGU prospects are likely small exports to north Asian countries Japan / South Korea and then domestic consumption in the US. Short term (1-3 years) highly likely a very profitable business model for MGU and investors.
 
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