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39.0¢ musgrave minerals limited

look at forecast activities. diamond drilling will torch the...

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CashedUpBogun

8,334 Posts.

914

01/08/22

19:37

Post #: 62863111
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Originally posted by DonaldFrump: ↑

I like this Ann and generally speaking, the grade and ounces speak for themselves.....MGV have seriously good grade.

Did a little valuation comparison on Break of Day (327koz @ 10.4g/t) vs Penny West (355koz @ 13.8gt) which went for $208M AUD in Mar 2020 (RMS takeover).....but MGV have ~1Moz in the ground at 2.3gt....roughly speaking, we're probably a $350M takeover target on a real bad day?

BTW, 4 QTRs of funding left.....not an issue yet, imo.

Question - does anyone have a Top 20?

Some thoughts on RMS (~40km down the road)
As per Noosa Mining presentation (Jul 2022), they have a falling production profile starting in 2026 (see image below)
RMS tookover Penny West (SPX) in Mar 2020 and based on their chart, it was 3 years to production
So working back from 2026, you'd think there's a similar strategic move is in the pipeline...as in shore up more ounces 3 yrs in advance
MGV would be a prized catch, and then some
Food for thought

DF

RMS - Noosa Mining Presentation

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look at forecast activities. diamond drilling will torch the cash pile. CR before Xmas is almost guaranteed unless they hibernate. And hibernation is a slow death.
MGV Price at posting: 26.0¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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