MGV 0.00% 39.0¢ musgrave minerals limited

Ann: High-grade, near surface gold at Target 17, Cue, page-24

  1. 1,826 Posts.
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    It takes time Harry. MGV are still a fair way away from mining. We need to expand the resource and then complete a PFS and a DFS etc - these studies generally take anything from 3 - 12 months each. There are also numerous Govt approvals required. It's best not to go into development half-cocked or ill prepared. We need to prove up a substantial resource (significantly bigger than what we currently have) and then methodically go though the process. I don't think we will get to develop ourselves though as I expect a takeover just as soon as our resource is sufficiently large to attract a large miner.
 
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