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5.38% 9.8¢ magmatic resources limited

Ann: Fortescue to farm-in on Myall & make cornerstone investment, page-2

  1. Polonium210
    377 Posts.
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    08/03/24
    08:21
    Post #: 72805825
    $14m over 6 years for 75% and FMG subscribing for a 19.9% stake.
    plus the minimum obligation of $3mil that includes >3,000m of diamond drilling within the first 2 years.

    All things considered...good deal for MAG.
    Last edited by Polonium210: 08/03/24
    MAG Price at posting: 4.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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