Been doing a bit of research and comparisons I had a look at SPX hits at penny west of which got taken over for $260m for a resource size of 356 00 oz at 15 gt. the area of the deposit of strike was 250m by 200m and below 150m from surface Mgv is all above this figure.
the grade and thickness of MGV hits are higher in grade and in thickness of those of SPX and as I mentioned above shallower. IMO I think we have added at least 600k at 14gt here with these latest hits and add that to our current resource it takes us over 1.2m ounces. So the big question is are we worth at least if not more than $260m and with more massive upside to add to more Ounces and not even adding Value from the jv with Evn. Am I missing something here.
MGV Price at posting:
57.0¢ Sentiment: Buy Disclosure: Held
