The smartest thing the company has done in a long time.
I struggle to see what other outcome the studies will conclude, other than... building a stand alone plant is not viable, so..... toll treatment is basically the only option. Then, it is just a question of where to process it. Hmmmmmm......... Truckabianna.... oh wait, WGX are basically trying to decide whether to replace the whole plant, or upgrade it massively, because its high cost. Mt Magnet (Checkers).... nope, RMS have too much ore and they are also looking at expanding their plant.... GCY - biggest plant in the region by a factor of 40% (above checkers) and 100% bigger than Truckbianna. Also the lowest cost plant in the region. Truly large investors just don't care about actually making a real return from their investment in MGV, while else would they let the company just plug away at drilling, whilst not actually trying to get into production.
I continue to watch (and hold a few) MGV meander its way along why the board and Geo team get to play.
MGV Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held