MGU 3.23% 1.5¢ magnum mining and exploration limited

I took the labour costs comment to be in relation to larger...

  1. 490 Posts.
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    I took the labour costs comment to be in relation to larger investors who are comparing a return on capital between BV and other similar sized mine opportunities overseas and seeing they could get better return there, or be less sure of their return at BV in fluctuating price cycles. Agree on the profitable is profitable comment..it may be that the best chance of getting BV up and running is to pay for it ourselves through earnings on the Biochar or pig iron endeavours..unless a strategic ponies up on an all in type deal, or is just happy with knowing they can get into production much faster at BV. But yeah, private entities with that kind of coin to invest are going to take some convincing. On the 35% accuracy, you could be sure MGU would be sharing specific costs confidentially straight from their data room, not the ASX studies.
 
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