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4.2¢ magnis energy technologies ltd

Now it’s the mine in Tanzania. Must be burning that you sold in...

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Chupapi

942 Posts.

353

08/11/21

20:26

Post #: 57408007
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Originally posted by FreeflyerNZ: ↑

Yes and the govt of Tanzania has the clause in which they can be entitled to 50% of Nachu. So you can halve the NPV off the bat.

As well as high production royalties. 30% of shares being listed on their own stock exchange. Etc etc.

Funding is hard to come by and a portion has to be funded by a Tanzanian bank. Look at WKT, VRX and EGR.

I was purely referring to Im3NY, Cheers @bombersmadd

Expect to see Capex blown out with long lead items hard to come by, and a huge wait for structural steel and aluminum. Not specific to MNS but this would also effect them and any other company looking at building a new mine with an outdated study.

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Now it’s the mine in Tanzania. Must be burning that you sold in the low 30’s.
I‘m living in the 70’s and you’re yesterday’s hero. Move on champ. There’s only so many times you can embarrass yourself.

MNS Price at posting: 72.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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