Ore reserves are as expected, 2-3 year life left.
Total Mineral Resources took a hit and reduced from 41.5 Mt in 2023 to now 19.1 Mt in 2024, because it was deemed uneconomical to mine.
Overall it's not a good news to hear, but 2-3 years of high-grade ore mine was as expected.
I'll hope for some better news that MGX can do with the cash that they have.
(Please correct me if I'm wrong somewhere)
Ann: Resources and Ore Reserves Statement as at 30 June 2024, page-4
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Mkt cap ! $312.5M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 27.0¢ | 26.0¢ | $276.1K | 1.040M |
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| No. | Vol. | Price($) |
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| 3 | 123858 | 26.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 391562 | 7 |
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