MGX 0.00% 43.0¢ mount gibson iron limited

MGX and GRR. Performance comparison Q4 2021, page-11

  1. 12,100 Posts.
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    "those claims are not JORC 2012 compliant, so just speculative"

    It might be best to read reports instead of stating incorrect facts, since its you who is comparing the two companies then get the facts right.

    At Savage River the mineral resources stand at 497.5 million tonnes @ 45.8DTR, ore reserves stand at 107.7 MT @47.2DTR

    If you want to compare GRR resources to MGX and you'll note the glaring difference , MGX Koolan Is 18 MT, and Shine deposits 15 MT . Mine life is only 5 or 6 years.
    Also MGX has a history of never getting top dollar for its ore, the last quarterly report shows MGX was getting just US$106/tonne for Koolan Is ore, even though the Platts price was US$191/tonne.

    GRR Resource update March 2021.pdf
    Last edited by rocket973: 12/07/21
 
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