N1 Spec - nice observations. One thing is the mine life is realy already 30 years from the numbers provided plus excludes all the deep drill results from q4 which have been reported as massive. its a no brainer - this is def. a massive project that has an exciting future but will ride some waves along the way on a SP until DFS and finalised financing. The share price is back to when there was only a reported 4.5B resources and no partnership arrnagement for 70% of the project - this just proves how stupid it is to have a share price at this level. If you look at current pressos - China need copper now and in future PLUS comparing MGO to other copper stories on the ASX it is the cheapest entry in the market currently. Now with market cap of around $260m my concern is they will be taken out at say $400m - cheap as when you consider you get c. $28 Billion in Copper for $2 Billion (incl development costs) - they have to be on some companies watch lists surely.......
MGO Price at posting:
26.0¢ Sentiment: LT Buy Disclosure: Held
