mutiny gold - looking forward, page-59

hood,

please dont encourage me bang on about mining companies, billions of dollars are being wasted in mining and construction for reasons including politics and fragile egos, and worst of all there self congratulating about the industry they believe they lead, cost blow outs are directly related to poor managemnet, not lack of skilled workers or wages, I advitise for workers on the internet and get more fantastic applications than I can employ, alot may not have direct mining experience but I have my pick of tradesmen and keen young blokes with transferable skills that are motivaed and go hard, mix them in with a couple of experienced guys and you have got a seriously good crew, importing unskilled labour is a joke, try putting on a super keen eastern stater and you will have a realible quality employee thats keeping there money in oz, these guys work out more often than not and you get loyalty for giving them a start, Queen Gina is running disingenious agendas or has no idea whats real going on on the ground, or has bad advice, plus if you run a political company truth about who is decent is hard to come by, rave rave rave, oops

myg have a real shot a getting over 1 mil ounces at a high grade, a cashed up mid tier miner would find it hard not to stalk such a resource, given a lot of miners are running cash costs of $1200 @ 200,000 oz per year and have only 3 years resource ahead of them, add 100,000 MYG ounces to the mix and that would considerably drop the average cost per ounce down to $1000, this might sound like a false economy but I have seen directors and managers think this way for years, 150mil should get a takeover accross the line which would leave 10 x this amount in metal in the ground, with exploration upside not a bad deal, IF myg can break the magic 1 mil ounces that is

also I laugh at posters moaning about ONLY 7.5 years mine life, most mining companies I have worked for have 3 years ahead of them, plus 7.5 years would mean no exploration success which could happen but looks unlikely, I would bet a left agot that there is another 300,000 ounces in the resource from previous experience with the way external consultants work out jorc compliance and the last lot of exploration results, this could go either way but looks more likely to force its way up slowly unless something out of left field happens which is always possible with such high grades, also the gold price which could do anything anytime including bust $2000 an ounce or flip a limp biscuit to $1200, why would you punt anywhere else, its better odds than the lotto, thats for sure

71c4
please dont take my posts as advice, I rely on luck the same as everyone else (including getting 5 straight numbers on the super draw and every stock I bought over christmas went down)