plenty of upside, page-15

Toggs, ok look, I'm not saying MYG is overvalued or anything. Given the current state of the gold sector it is undervalued. My original point was that the chances of this being a ten bagger by March are minimal IMO.

But that's just my opinon and I am no expert.

I agree, the hits MYG are getting deserve attention. But I'm after gold producers not explorers and the transition from one to the other never seems to go smoothly. It's a period of a stock's life that I'd rather be out of.

I have found the scoping study for Deflector. I'd say they'll start at 50k oz per annum and will ramp up to 100k oz over the next 2 years. Payback of the CAPEX of $52m should be around 2 years or just shy of that with ramped up 50k plus production in second year.

Cash cost projections looking forward are good and this is due to the lovely high grades they are getting.

I like the whole project, but I have serious doubts that this is going to the moon anytime before they get the transition from explorer to production ironed out.