FMG is a classic in terms of % gain. MAU may or may not reach FMG's dizzying heights. IMO it will certainly go a long way. In many ways MAU can be better than FMG. Why? The following may be important.
1) MAU is close to rail. FMG had to build a railway line. This allows quick low cost beginning. 2) MAU does not need to build employee accomondation. Many nearby towns. 3) MAU is driven by a proven geologist with many successes previously. FMG had to overcome a wall of disbelief from an earlier failure of its leader. 4) MAU can raise money more easily. FMG had to go to American backers in the early days. Finnancing toolk a long time to arrange. 5) MAU is greenfield but away from BHP RIO territory. Less antagonism in the area. 6) MAU does not need to build specific port. FMG had to.
To understand how MAU may unfold, it is wise to check the company history of TRF. A patch of DSO next to rail leading to port can start the ball rolling with early cash flow. In fact the coarse grain magnetite is also a common theme with TRF.
I think this co has a lot of potential. cheers
MAU Price at posting:
48.5¢ Sentiment: ST Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)