There is a "due diligence" process that corporate must follow. In this case it keeps being interrupted by the definition of more multiple, near surface gold targets. Now we discover that those targets contain additional gold lodes. All of this discovery leads to additional work and extended timelines.
Then they have a corporate obligation to fully evaluate Lena, Break of Day and the oblique gold lodes at Starlight and White Light for updated JORC resources, metallurgy and completion of a Scoping Study.
IMHO Starlight will be the first open pit resource that will be developed for processing of ore at nearby mills. The extended timeline to evaluate both the "jewel box" and other lodes has created a flat stock price. In my case I am hanging in for medium term +12 month gains; as this will pay the greatest return. Good luck to all longs.
MGV Price at posting:
53.0¢ Sentiment: Buy Disclosure: Held
