It is a simple equation. High risk = high reward or bust. It is your level of risk that you must be comfortable with. This is a high risk play over a long period of time, however if you are a beleiver in the fundamentals and have high levels of patience and and iron nerve, then the rewards will be astronomical. If Yandera is completed it will be one of the biggest Copper mines in the world. Thats just my opinion. Funding is a big issue, but on all accounts MGO management seem happy that they can secure it when the time comes. Hence the large Canadian institutional base, and a listing on 3 stock exchanges. I personally have full confidence in the MGO management team. They have been in the game a long time. Sure the SP is waning but thats completely understandable considering the timeframe. I view it as an excellent opp to top up. Once again, my opininon only.
Cheers,
I hold MGO
MGO Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
