MGU 0.00% 1.2¢ magnum mining and exploration limited

He is obviously the type of guy who will move overseas for a...

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  1. 816 Posts.
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    He is obviously the type of guy who will move overseas for a project like he did making the 1st Himselt Plant in WA, then moving to china for 4 years, I also saw him mention on his LinkedIn when someone asked if he was moving to the states "I will be eventually" which is reassuring, when commenting on his recent position as magnum CEO.

    I also like his comments that pig iron is in his blood, a man that does his work for more than money is a big confidence boost for me, they tend to be a lot more successful when a higher purpose involved than just monetary gain.

    @RMinvest I also think Appalachian could be on the cards with what we saw which wasn't clarity around it with performance options allocation surrounding that which I found earlier. This adds another layer of complexity as it will be on the other side of the country where the focus is there, however the local steel plants in that area have HUGE appetites in the close proximity and would be easy offtakers.

    I have been beating this drum for a while, this really is a green FMG story in a much bigger economy, with the expansion of the 4 available nearby mines you have the potential to exceed billions of tonnes of a better ESG rated magnetite already close to infrastructure and permits on hand.

    - HIGH Grade FE 65-68% (magnetite)
    - BIO PCI (can be used in the plant and excess sold to local buyers)
    - Green hydrogen which can be made from bio waste can be used and excess sold on
    - PIG IRON (the real money maker in a void that needs to be filled, and they're big boots to fill with the shortfall from the war in Ukraine and Russia and the added demand between now and the project expectation of 2026 production

    by the time the retail market and the rest of the funds end up picking up on this we will not see below 100m market cap ever again IMO
 
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