Cannacord has just released an analysis with a price target of 75c. The main take I get from them is that the resource is not really large enough. At present there is an inferred resource of 613kOz. Starlight will add between 150 to 250kOz. This gives us around 850kOz for an Ev/Oz of around 300 (high)
The new lodes are where MGV need to prove up. More resource is required to justify any price rises from here on... Thats what I think the market is pricing... Fair enough.
- Forums
- ASX - By Stock
- MGV
- Thread for Longs
Thread for Longs, page-122
-
- There are more pages in this discussion • 151 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MGV (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
Previous Video
Next Video
SPONSORED BY The Market Online