Piggy whats in the ground is dreaming ounces I doubt if thats a good way to value these unless you have been in to selling snake oil,
It does look good on a NPV basis though considering its present cap, since the ore is high grade although in a greenfields area
On another note Iron ore stocks should rocket today after the Nippon announcement, I suspect MGX could go up 10% today
good luck
do the sums! same as mph which went from 8 to 90!, page-11
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