MGV is still a good stock, but, I think they are under estimating the tonnes needed. 5.1 m/t seems way too low, we know starlight and white go pretty deep to 250m + the lena deposit
The updated total Indicated andInferred Mineral Resources for theCue Project, incorporating theBreak of Day and Lena depositsand several smaller deposits, nowstands at 6.4Mt @ 3.2g/t Au for659,000oz ounces of containedgold
I wouldn't be surprised to see MGV keep drilling for the next 1-2 years, maybe waiting for the next 4 years ! They would be better off waiting until the gold price was $2,500 or in 4 years time, then they would be closer to a million oz and start their own mine.
MGV Price at posting:
45.5¢ Sentiment: Sell Disclosure: Not Held
