I think this is a very good post despite being a holder just to highlight something which seems sort of common with gold stocks in Australia. I've seen quite a few over time have cost increases so it certainly pays to be mindful and not discount the theory of increased costs just because the company expects low costs due to their studies and test work. That being said at this point given we are likely still 18 months probably away from producing a damn thing there is plenty of time between now and then to take it at face value and enter/exit accordingly if concerned.
Being a longer term holder here it's nice to see some interest back in the stock as its been a painful wait and I don't blame others for taking losses and such and moving on. Fortunately for me I invested with an open timeline so I'm content to wait for now and hope for further increases in due course.
Good luck everyone.
MYG Price at posting:
4.0¢ Sentiment: Hold Disclosure: Held
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