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Why is Magnum Mining & Exploration considering a fast start-up option for its Buena Vista Iron Project? — ASX:MGU| ASX Mining News & Discussion
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$MGU Why is Magnum Mining & Exploration considering a fast start-up option for its Buena Vista Iron Project?
Magnum Mining & Exploration (ASX: MGU) has recently announced the completion of a short-term mining schedule for its Buena Vista Iron Project, located in Nevada, USA. The company has been investigating the possibility of an expedited mine development plan, and the study provides valuable insights into the site's potential for the coming years.

Five Year Mine Schedule and Ore Production

The study delivers a five-year mining schedule, providing 2.5 million tonnes of ore to a beneficiation plant per year. The ore grade averages 29.1% Fe over the five-year period, supporting an average annual concentrate production of 800,000 tonnes. This offers significant potential for the site, with the project's strip ratio averaging (W:O) 0.29 over the five years.

Results and Optimizations

Magnum Mining & Exploration's mine schedule provides the industry with a glimpse of the potential of the Buena Vista Iron Project. The company contracted with SRK Consulting, the industry leader out of Reno, Nevada, ...
Why is Magnum Mining & Exploration considering a fast start-up option for its Buena Vista Iron Project?

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?