Following on from the Hughes Drilling line of thought, could MYG be maybe offering some shares for some drilling?
If MYG could JORC up some more gold it should help out with the total cash cost at Deflector.
IMHO if what LeDerp said was correct about the total cash cost being $1280(??) then there was really never any hope in hell of JG getting finance (and the Sandstorm deal was probably a desperate measure, who the hell would agree to selling a product for less than cost).
So possibly MYG get some more gold, get the cash cost down and dump the Sandstorm deal (if possible), surely that would look much better from a traditional financing perspective?
Despite all the trouble with MYG I still like the look of the Deflector area, could be plenty more gold to be found.
Keen to see what the deal is here.
Ann: Trading Halt , page-14
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Last
80.0¢ |
Change
-0.020(2.44%) |
Mkt cap ! $73.17M | |||
| Open | High | Low | Value | Volume |
| 81.0¢ | 81.0¢ | 77.0¢ | $7.061K | 9.123K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1298 | 77.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.0¢ | 2292 | 1 |
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| Last trade - 15.19pm 15/11/2024 (20 minute delay) ? |
| MYG (ASX) Chart |