MGV
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0.00% 39.0¢ musgrave minerals limited

Ann: WGX: Westgold Announces Takeover Offer for Musgrave, page-73

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  1. Lithos
    947 Posts.
    lightbulb Created with Sketch. 155
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    07/06/23
    12:11
    Post #: 68172175
    Agree, it is the shallow, free milling oxide that is valuable to Westgold. The underwhelming 30 cps is just the opening salvo, but WGX were smart to wait for RMS to committ elsewhere. A$400-450m market cap (with some exploration upside built-in granted), I would say is the outcome in a US$2,000/A$3,000 per oz framework.
    MGV Price at posting: 31.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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