Glad to finally be welcoming it's local investors, MacArthur Minerals offering up to 20M shares @ 0.25c. read the prospectus at. macarthurminerals.com/prospectus
Quick rundown from being invested over 3 years on the Canadian side:
-
Binding offtake agreement with Glencore to secure 40 mt of iron ore over 10 years. Discounted valuation of approximately $1 Billion (including capital expenditures on mine construction)
- Flagship Moonshine iron project with over 1.2 B tonnes of indicated high grade ore.
-BFS under completion with expected release March 2020
-JV with FE Limited on non-iron tenements. MMS retains 25%.
-Permits granted, rail haulage contracts secured.
-Mine development draft disseminated to Australian government.
- The proposition of a share consolidation due before listing on the ASX of 4:1.
