I can live with any significant increase in oz's, so long as they are discovering more high-grade lodes for further resource updates & they start to delineate a pathway to production.
I will take MGV's high-grade shallow oz's over a couple of million oz's scattered through a low-grade refractory project any day of the week. Big number oz's in a marginal project may be helpful to spruikers trying to hype up a company, but they are hardly likely to appeal to the big players on the M&A front.
MGV Price at posting:
58.5¢ Sentiment: Buy Disclosure: Held