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39.0¢ musgrave minerals limited

sorry should read in valuing Mgv double that of SPXtake over...

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stelep7

3,086 Posts.

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17/10/20

17:56

Post #: 48172723
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Originally posted by stelep7: ↑

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.

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sorry should read in valuing Mgv double that of SPX
take over price.
in which gold was $500 AUd oz lower

MGV Price at posting: 57.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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