If Peter is going to the depths of 150m to 200m means that he is after that additional 18mt.
watch diggers and dealers i think it was in 2020 he mentioned that going to the depth of 130m after exhausting the existing mine can extract another 18mt. If this is the case we have the ability to mine for another 7-8 years. Combined with the junior mines and possible acquisition and considering will have a moderate 2025 but 2026/27 expected to outcome hopefully IO is much stronger. If this is what he said today then it does looks positive and more importantly keeping to his word even after 4 years since the presentation.
MGX Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held
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