In the act of comparing DEG to MGV's current position, you're disregarding key elements whilst making assumptions:
- Size/scale (DEG was undervalued with 2.2moz prior to huge rerate and sat at 60mil mcap for months) - DEG had a PFS released with compelling numbers and sat in a robust position even prior to these standalone deposits being discovered
I'm not saying MGV won't continue to rerate north. I'm saying it needs to continue with a high discovery rate whilst extending these deposits. Great discovery & exceptional grade. Steadily watching with a strong urge to buy.
MGV Price at posting:
33.0¢ Sentiment: Hold Disclosure: Not Held