MGV 0.00% 39.0¢ musgrave minerals limited

Ann: Break of Day High-Grade Mineral Resource Estimate - Amended, page-55

  1. 18,505 Posts.
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    JMHO.

    For me, the most disappointing things were:

    - the previous estimates for Break of Day (excluding Starlight and Whitelight) was 868Kt @ 7.2g/t Au for 199koz contained gold, now its 797kt @ 10.2g/t gold for 262,000 ounces of contained gold (including Starlight and Whitelight),

    - the original gold ounces within our permit was 6.45Mt @ 3.0g/t Au for 613koz (excluding Starlight and Whitelight), but now its overall is 6.4Mt @ 3.2g/t Au for 659,000oz ounces of contained gold (including Starlight and Whitelight),

    That is, an overall increase of 46,000 ounces of gold from Feb 2020 to now. For me, that is extremely disappointing.

    And the SP has gone up from 11 cents to 46.5 cents (where it is now).

    Personally, I think we got more corrections to go.

    Again, this is just my humble opinion.

    Last edited by Cosmoterios: 11/11/20
 
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