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39.0¢ musgrave minerals limited

and add the exisiting resource at BODof 199koz at 7.2gt and Lena...

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stelep7

3,086 Posts.

14

10/11/20

17:16

Post #: 48774886
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Originally posted by Cashmeoutside: ↑

This from RMS yest. Starlight may be a touch smaller but grades should be similar and you'll get a lot more via open pit for Starlight IMO. It does give you an indication of costs and value.. Add ~$80m NPV to convert to spot ($350/oz x 238kox) gives you ~A$300m NPV pre-tax.

Not holding atm but going off the above it seems starlight underpins current val and you get free upside from BoD regiional exploration, Lake Austin JV and Mainland. Good buy.

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and add the exisiting resource at BOD
of 199koz at 7.2gt
and Lena 325koz at 2.3
we should get a value of $350m - $450m mkt cap

MGV Price at posting: 53.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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