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39.0¢ musgrave minerals limited

Stunning analysis. To Croms point: Retail holders make price...

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Treviking

137 Posts.

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20/10/20

15:23

Post #: 48239145
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Originally posted by M-Air-J: ↑

Comparing MGV to BGL's development, as of today MGV looks to be around where BGL was in December 2018 just before BGL released their first resource upgrade of 1.04Moz at 12.3g/t.

BGL's capital structure looked very similar to MGV's after their first resource update in December 2018.

If the resources update provides an additional 1mill Oz at 10g/t than we are in for a decent uplift in the Company's valuation from these levels. And with continued exploration success over the next 18months and building out the resources to 2Moz, then we are looking at a billion dollar plus company.

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Stunning analysis. To Croms point: Retail holders make price stability an issue - key is to hold long term.

MGV Price at posting: 52.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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