MGU 0.00% 1.1¢ magnum mining and exploration limited

Global pivot towards cleaner, greener steel thrusts magnetite iron ore into spotlight, page-36

  1. 3,933 Posts.
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    I agree , the writing is on the wall ,, the big issue is that the market does not have any solid figures to go of .
    I have mentioned MGU to quite a few investors and when they read up on the stock they struggle to get an idea of a potential NPV , or Capex or Opex or how many tonnes to be produced per year .
    Yes we can do some back of the envelope calculations with a plus or minus 30% buffer and from that the stock looks extremely undervalued , but the market wants confirmation , which is understandable .Either way im happy to buy at these prices as June is only around the corner .

    On a side note id like to know what are peoples thoughts on here on the new set of milestones for performance shares set out by the company ?
 
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