MGV 0.00% 39.0¢ musgrave minerals limited

Ann: More thick intervals of near-surface gold at T14 & Big Sky, page-11

  1. 5,418 Posts.
    lightbulb Created with Sketch. 574
    I am deathly confused how to value MGV. I am holding a good chunk (for me) because I feel the outstanding assays will return some good results. But even when good results come along (as expected) the price falls. I cannot work out any sellers. If you bought at 'x' and good assays were announced you would not sell at less than 'x'.... why would you.

    Yesterday GOR gave some new drilling results very similar to MGV (on my read). A a hole with like 40 meters at 1 gram. And a couple others with a few gram from smaller lengths. At first glance super similar to MGV. And GOR went up like 7%. And MGV went down 5%. Now a couple solid holes has much more impact on MGV (given size) vs GOR. My point: either I completely do not understand the assays or MGV has some voo doo over it.

    What MGV should do is get the gnarled guys at BCN to build a plant with bits and pieces for like $20 mill and start producing. Those guys at BCN had no problem doing that on a resource about 1/10th the size of MGV and making millions a month in cash. Mind you BCN has like 3 years of resource, whereby MGV could gently produce for 20 years at a slow and profitable rate.

    And... the cap raise had funds for feasibility. Did we pay money for long lunches or feasibility. I better stop, I am working myself up a little.
    Last edited by danhoff: 15/09/21
 
watchlist Created with Sketch. Add MGV (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.