Interesting, I have heard good things from the early DRM days about Hellewell. I also see that he now holds 28% of MGY with his shares escrowed.
So total shares on issue post acquisition will be 343M giving MGY a MC of ~20M. They have a 650kOz resource (Inf) but low grade - the reason IGO gave it up? 10,000m of RC happening ... but a lot of infill. You would think they could have 1Moz in resources when you combine the Francopan prospect though the grade doesn't appear amazing for UG.
As I said pretty interesting ..
- Forums
- ASX - By Stock
- MGY
- Ann: Karlawinda Fast Track Programme
Ann: Karlawinda Fast Track Programme, page-4
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MGY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online