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4.2¢ magnis energy technologies ltd

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TobyMarchant

1,308 Posts.

231

09/08/23

22:39

Post #: 69257375
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Originally posted by zillarace: ↑

Just had a quick look at WKT how they funded their mine.

Looks like they got 20M debt loan from Gemcorp and 10M equity raise from battery metals capital group.

Looks like a total of 30M from memory MNS need 200M to build Nachu? Why the big differences I am assuming WKT mine is a lot smaller from MNS proposed mine.

If that’s the case and again if mns haven’t been successful raising 200M or however much needed for nachu, maybe we need start smaller mine and do a staged approach raise smaller funds build stage 1 and expand stage 2 with cash flow and time.

Question is will mns mine be profitable with smaller staged approach, I think yes as others are doing it otherwise they wouldn’t be doing it.

Note this is not cross promotion I’m not a holder of WKT just comparing to see how they are funding their mine and maybe mns can follow with same lenders.

don’t know just thinking out loud but all I know is something different is required….

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Intelligent debate… At last!!!

MNS Price at posting: 10.5¢ Sentiment: Hold Disclosure: Held
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