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0.00% 1.3¢ magnum mining and exploration limited

however, even when iron ore collapsed the HBI price was still...

  1. fox
    137 Posts.
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    11/06/21
    02:11
    Post #: 53781617
    however, even when iron ore collapsed the HBI price was still around $300 which is roughly 100% margin. I think the current HBI price is closer to $500... so even a major collapse in Iron ore it will still be feasible. Lets see who the off-take partner is and if they will be providing any financing.
    Last edited by fox: 11/06/21
    MGU Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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