[INTERVIEW] Magnum Mining and Exploration announces scoping study, page-25

@bigmoney66

the one thing the market doesn't realise is that this is for stage 2

Stage 1
(12 months time to production)
DSO 500,000t per year
study not released to the market
capex likely 30-50m usd based on previous estimates

stage 2
DRI Concentrate
1.6mt
24 -36 months to production
study released to the market
capex 280m usd

stage 2.5
bio char

all metrics unknown ???

stage 3
pig iron
1.3mt
36-48 months to production
study not released to the market
capex 600m-1B usd (speculative capex estimate based on similar projects in China and Australia in the recent past

if anything the market doesn't even understand the project in it's entirety, and no one is even taking notice of the funding section which really points to funding being approved by multiple parties and or a potential JV. it even says they're in active talks with a ESG fund !!!

I think today was a good day to flush out piggy back investors who just momentum trade and or hop on and off the next hot topic. fomo in and panic sell out, as the masses do.

look forward to seeing the DSO results in due course, and the nasdaq listing under an ADR arrangement

enioy LT holders