Be careful making big assumptions that if MGY finds flake on their tenement "they will be the next SYR". It all depends on how many Mts the deposit is, strike length and depth, and most importantly the grade at which it is mineralised. Once this has been established, metallurgical refinement to bring the flake up to high levels has to be met. This will make the flake highly valuable as it can be utilised in tech such as iPads, iPhones, pebble bed nuclear reactors, lithium batteries and graphene applications (possibility of replacing silicone chips). In terms of the next SYR I would reserve that title for AXE, check out their sugarloaf deposit.
MGY Price at posting:
9.3¢ Sentiment: Hold Disclosure: Held
