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39.0¢ musgrave minerals limited

They are open in all directions.... including depth.... keep...

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AlexanderJ

4,002 Posts.

1311

02/02/21

09:27

Post #: 50628530
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Originally posted by cletus2 ↑

No they need some of these deposits to extend at depth. They've got some high grades but they need a large deposit to get their reserves up, as we saw with the JORC there isn't a lot of Ozs in these small, shallow deposits even if the grade is amazing.

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They are open in all directions.... including depth.... keep drilling!!! You are doing everything right!!!

They are concentrating on high grade at shallow depths to prove up a mineable open pit mine for an early start to generating cash flow ... IMO.

These are relatively closely spaced which should make it easier to grow reserves IF they keep getting more hits.

MGV Price at posting: 37.0¢ Sentiment: Buy Disclosure: Held
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