MNS 0.00% 4.2¢ magnis energy technologies ltd

Nice and slow now. The commercial gas deposits have been found...

  1. 3,906 Posts.
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    Nice and slow now.

    The commercial gas deposits have been found not that far from the mine.

    Switching to gas will add another US$50 per tonne profit for MNS.

    Frank has mentioned within a few years for gas. Now if that is a few years from now or a few years after production starts I am not sure. The gas is a bonus. A $10,000,000 a year bonus when it happens. However if it never happens it reall is no big thing as the sale prices do not reflect running the plant on gas.

    I hope this helps and I await tomorrow's three excrutiating questions.
 
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