Saber- if you weren't a holder of MYG the current price IMO is a bargain based on the merits of the project alone. You would also have time on your side to evaluate when to get in if you were that way inclined.
If you took the view that you held say MYG - MSR- SLR and NCM and you had them in your stable for 18 months or more then I think you would be generalising that the whole market is taking a battering. Will the whole market pack up and go home ?? With demand around the world still being healthy and as per the last MYG Ann referring to global unrest I am confident we will see it return. I'm not qualified to make that call by the way but I feel that we will see MYG operate successfully as a low cost operator. I will stand corrected of course.
What also gives me some sort of confidence is that people like John Greeve - Frank Lawson would have close on a large part if their life savings in this as well . A good motivator to make it work albeit it's taking way too bloody long. I reckon some of the staff would have some if their hard earned in it as well . I'm not seeing any movement - exiting of their people. A good sign that there is confidence in the ranks.
MYG Price at posting:
7.1¢ Sentiment: Hold Disclosure: Held
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