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39.0¢ musgrave minerals limited

Ann: Stage 1 PFS demonstrates potential value of Cue Gold Project, page-24

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Antipater_100

8,228 Posts.

1579

18/04/23

12:23

Post #: 67331035
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Originally posted by jogo: ↑

Thanks for your feed back. I am not promoting SLR, CAI or AUC but only put them up for comparative purposes since their Production EVs are close to MGV's. Perhaps I should have disclosed that I currently own CAI (as a speculative recovery stock) but not SLR or AUC.
MGV has included some underground in their PFS but yes, it would be interesting to see if there are decent amounts lower down, especially if the high grades continue. The focus of the next PFS is on increasing the confidence level in the resources but some exploratory drilling is also planned and increased resources sought. However, there is no direct reference to deeper drilling but rather in the more recently discovered deposits.
The drop in SP since the announcement gives some indication that MGV is well valued for the stage it is at and much of the premium may result from expectations of a T/O, even though the PFS does have a high return on investment.

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I got your point. I never assumed you are promoting any other stock. I was only putting my own view why MGV is commanding premium to CAI and perhaps AUC.
All I am trying to say is one or two metrics don't always reveal the full picture. And how that picture can change if one of the variable changes.

MGV Price at posting: 23.0¢ Sentiment: Hold Disclosure: Not Held
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