MGX mount gibson iron limited

A couple of shocks to the system with those figures with...

  1. 11,396 Posts.
    lightbulb Created with Sketch. 2647
    A couple of shocks to the system with those figures with stockpiles now included in the reserves figures that has resulted in a decrease in my previous estimated reserve figures. It's also concerning that the grade of the stockpiles is stated at 63.3% compared with the unmined portion grading at 65.4% - the stockpiles also contain a higher level of impurities that hopefully will 'wash-out' when blended with ore yet to be mined.
    I've had to correct my mine life calculations schedule to take into account these figures.
    MGX Cash at bank.pdf
 
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