app 85m in cash. With respect to RMI, mgx already have a degree of effective ops control based on board representation. ( Bear in mind RMI resource low grade relatively speaking therefore mainly good for controlling grade by mixing with mgx's higher grade haematite)
Divvy likely but also likely other options being considered. Is possible an upgrade of Tallering Pk may be poss based on Geraldton pt upgrade plus cash etc.
May also look to take advantage of magnetite options and effectively replace 5mt output effectively sold to shougang with theirs .. or someone else's.
Poss mgx can effectively achieve the 8mt output a deal over ext hill magnetite would have delivered with a much smaller capex/debt requirement and in less than 1/2 the time.
Time will tell.
app 85m in cash. With respect to RMI, mgx already have a degree...
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