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39.0¢ musgrave minerals limited

MGV vs DEG, page-23

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yzwboy

1,338 Posts.

221

10/06/20

16:14

Post #: 45140709
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Originally posted by Ammbush97: ↑

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.

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in other words, no one knows shit when DEG was undervalued and no one thought DEG could be what it is today.

MGV Price at posting: 41.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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