MGV 0.00% 39.0¢ musgrave minerals limited

Conceptual Upside $1-2 billion long term

  1. 4,749 Posts.
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    Cue Project multi-million ounce conceptual potential from 100% owned 7,500m strike line. Current drilling effort directed into a shallow section of strike line measured at around 400m to a depth of 200m. So less than 5% of strike line has conceptual potential exceeding 1M ounces to a depth of around 200-300m ??

    The EVN JV abuts the Cue Project with an additional 10,000m of strike line that is showing significant potential for large gold resources. MGV is free carried for a 25% interest on an $18M spend.

    PLUS 100% of Mainland with 2,500m of strike line.

    Entire Project area is encircled by a number of large gold resources including Mt Magnet Gold Camp with 6M ozs, Big Bell 4M ozs, Great Fingall 2M ozs and a host of smaller deposits.

    IMHO Cue Project area will be the "jewel box" that matches or exceeds the gold resources contained within the Mt Magnet Gold Camp of 6M ozs. Ultimate long term conceptual upside for MGV then falls into a A$1-2 billion range. Why do you think the Canadians are buying?? Current efforts have just scratched the surface. This is a long term buy and hold investment. Good luck to all longs.
 
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