MGV 0.00% 39.0¢ musgrave minerals limited

Key Points: - At the end of the June 2021 quarter, the Company...

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  1. 4,002 Posts.
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    Key Points:

    - At the end of the June 2021 quarter, the Company held $20.9 million in cash.
    - Cash exploration expenditure for the reporting period was $2.3M.
    - Corporate and other expenditure amounted to $324k.
    - Significant delays in assay turn-around are being experienced with the Company awaiting assay results for more than 120 drill holes.


    My Summary:

    1. Plenty of cash left for a lot more drilling.
    2. Plenty of news still to come from the 120 plus outstanding drill results.
    3. Plenty more drilling ongoing through current quarter including infill drilling to enable a resource/reserve upgrade.
    4. Exciting times ahead!
 
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Currently unlisted public company.

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