I really appreciate the discussion between you and miningnut on this point - I’m learning a lot. What I’m taking away is that the current stated mine life of 30Jub26 is clearly conservative. There are risks to investing on the basis of a longer estimate, but there are always risks when you’re trying to forecast what’s going to happen in three years. From your discussions, the risk that the mine will run out of iron ore worth mining seems relatively small - obviously still there, but compared to a war with China or a crash in IO price, or a global recession as we finally realise we’ve got to slow economic activity to combat climate change, this does not feel like a biggie.
MGX Price at posting:
46.5¢ Sentiment: Buy Disclosure: Held
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