I was pleasantly surprised at the run we had yesterday - not surprised with a bit of a pullback today. Let it settle for the rest of the week - I'd be surprised if it doesn't sit around 53-58c until more news comes out (unless there's a serious movement in the gold price).
For those who say it is overvalued, I go off a shallow (surface level) 1.1-1.3moz at > 6g per ton. Is that worth $300m at the current gold price, based on other valuations? I'd say so. And of course, there are likely more lodes for the team to identify, plus whatever's at depth, plus 25% of whatever's under the lake.
GLTAH
MGV Price at posting:
55.0¢ Sentiment: Buy Disclosure: Held