MGV 0.00% 39.0¢ musgrave minerals limited

Appreciate the urgency but MGV needs a granted mining lease and...

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    Appreciate the urgency but MGV needs a granted mining lease and a plant to treat and extract the gold (or a toll milling agreement with a nearby mill) so not just a simple matter of sending an excavator out and digging gold bars out of the ground.

    I do understand the frustrations of some investors though as this company just keeps on drilling, and of course keeps on finding more gold, so any PFS and DFS studies are always a "moving target" and difficult to quantify.

    People thinking of this as a sample "takeover play" may be on the right track, as it's a terrible time to be building a new mill in WA at the moment, and if the price of gold increases then all those inflationary cost pressures will get worse than now. Eventually, a predator somewhere, at some point in time, will see a possible opportunistic option here, and once this is made the wider market will wake up. With out-of-favour sentiments around gold at the moment, it often takes an opportunistic takeover offer to wake up the market and value gold in the ground efficiently.
 
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Currently unlisted public company.

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