The ABC transcript of former CEO, Jim Beyer, states LOM of "decades" with an "s" (plural). Here we are yet to reach the first decade since that statement was made.
in two of the quarterly announcements Jim Beyer also talked about UG both in main pit and Acacia (Acacia is just to the north of main pit)
While Jim Beyer was CEO, the quarterlies also state mining of Acacia underway, and several shiploads of ore from Acacia sold.
LOM equates to the mine plan.
Mine plans are constantly under review.
Mine plans / LOM can change for many reasons, due to both internal and external factors, and critically examining the options available.
$1 billion opens up a lot of options.
MGX Price at posting:
46.5¢ Sentiment: Buy Disclosure: Held
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