MAU 0.95% $1.06 magnetic resources nl

Ann: Outstanding value demonstrated by PFS at Lady Julie Project, page-7

  1. 3,585 Posts.
    lightbulb Created with Sketch. 2370
    Hi RoyE,
    Thanks for the heads up.
    From a like for like basis, I feel Astral Resources Mandilla Project is a better value play.

    Lady Julie project on the left Mandilla on the right.

    https://hotcopper.com.au/data/attachments/6017/6017971-9ec51605677a23a13a5f22d69c10a90d.jpg

    Key differences

    Magnetic vs Astral

    Market Cap 270m vs 46m
    Average Strip Ratio 6.1 vs 13.5
    Waste Mined 183mt vs 160mt
    Ore Mined 13.5mt vs 26.5mt
    Ave g/t 1.77 vs 1.04
    Gold Produced LOM 720koz vs 845koz
    Royalty 3.5% vs 2.5%
    Grind Size 106 vs 150 (higher number = less mill power usage)
    Payback period 15 months vs 9 months
    Average yearly production 87koz vs 100koz
    LOM 9 years vs 11 years

    GLTAH
 
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