STTCOMP MGU FA longMagnum Mining And Exploration Limited (Green...

STTCOMP MGU FA long
Magnum Mining And Exploration Limited (Green DSO IO play in USA)
MC $39 M
SOI ~350M
Cash: Approx 2.2 Mill
no debt
.SP 11 cents

Recent acquisition of Iron ore play which will add significant value in my opinion..

Detail on FA provided and compliments of @NowhereMan on the thread and shared here below:

http://www.nv-iron.com/images/pdf/NVI_Technical%20Report%20NI-43101_FINAL_131108.pdf

The numbers cited in the study are from 2013, and of course costs of production and ore prices have varied over time.

For example, the concentrate selling price assumed in the study was US$104.29/dmt FOB West Sacramento, whereas prices achievable today are of course considerably higher.