Australia's largest stock trading and investment forum Australia's #1 stock forum

MGV

Click for more information

0.00%

39.0¢ musgrave minerals limited

That’s what I’m trying to work out

First 19 Last

Share
Profile

Follow
stelep7

3,086 Posts.

14

11/11/20

11:04

Post #: 48791549
Share

Originally posted by mattyarty: ↑

The numbers don't gel at all...
Below is from Annual Report released 16/10/20:
"Musgrave has an estimated 613koz of gold in resources on the Cue Project and completed more than 50,000m of drilling during the year. The total
Indicated and Inferred JORC Mineral Resources on the project are: 6.45Mt @ 3.0g/t Au for 613,000 ounces of gold (see ASX announcements 14 July 2017, and 17 February 2020). The new Starlight and White Light discoveries are not included in this resource estimate.Announcement today:
"The Mineral Resource (Indicated and Inferred) update at Break of Day has estimated the Starlight and White Light lodes to host:
360kt @ 13.9g/t gold for 161,000 ounces of contained gold.

"The updated total Indicated and Inferred Mineral Resources for the Cue Project, incorporating the Break of Day and Lena deposits and several smaller deposits, now stands at 6.4Mt @ 3.2g/t Au for 659,000oz of contained gold."

So 613,000oz + 161,000oz = 774,000oz
How do they come up with 659,000oz
Where is the missing 115,000ozs?

Expand

That’s what I’m trying to work out

MGV Price at posting: 44.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 51 more messages in this thread...

First 19 Last

Add MGV (ASX) to my watchlist