Great post and broadly I agree with you - WGX does look undervalued compared to its established producer peers and I expect that it will do well in the future. Also, I definitely agree that MGV building its own mill is madness - these smaller co's trying to develop their own projects is fraught with danger and over the years I have regularly lost capital when these developments have not gone exactly as planned. The issue is that the small co's have limited funds so when developments run into early teething problems (which often happens) they don't have the funds to ride out the storm.
So really it's then just a matter of takeover price. I understand what you are saying (and you may be correct), however given the quality of MGV's resource and prospectivity of their ground I'm hoping for more.
GLTA & DYOR
MGV Price at posting:
30.5¢ Sentiment: Hold Disclosure: Held
