It is good to hear that progress is now being made across a...

It is good to hear that progress is now being made across a number of fronts.

The whole concept of starting an early cash flow was disrupted due to extraordinary price increases in road, rail, port and shipping costs post Covid.

I was told, second hand, yesterday that a US logistics consultant had stated there had been a dramatic fall in all logistics costs in the US and specifically Magnum's part of the country, over the last few months.

The project has a number of ways to start mining and processing ore with low Capex to achieve early significant cash flow as outlined by Neil. With logistics costs trending back towards normal and the demand for green steel continuing to grow, they should be able to establish profitable operations relatively quickly.

Whilst this wont be the main game, it should allow the Company to grow its operations incrementally and profitably.

Once they can set out there strategy in detail, along with funding announcements that Neil mentioned, then the share price should get a significant re-rate.

Over to the management team.