MGX mount gibson iron limited

Minelife cashflow projections, page-14

  1. 11,406 Posts.
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    An interesting document and I think it confirms what @DBrent15 stated above, in that they'll blend the satellite ores(60% grade) with the main pit ores maybe during the final two years - so maybe they produce a 62% grade ore - they state there is a remaining mine life of four years(document dated Dec22) so it doesn't really extend mine life materially but the amount of ore mined in the next three and a half years increases.
    We await confirmation from Management as to how much extra ore will be produced - it might be a case of not the entire amount of 9.9Mt currently appearing in these two satellite resources is actually mined.
 
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