Been doing some comparisons today and another close comparisison is with Northern Star. Difference being northern star has just recommenced mining the old Paulson deposit. Market cap 105 mill resource 226 000 oz cash cost $510 -525 an oz. Targeted production 65000 -70 000 oz a year. So costs and production seem quite similar and if the cost to take MYG to production are around 50 mill then market caps are very similar. Both have nearly identical amount of shares and options. The wild card however is MYG ,s measured , indicated and inferred resource is substantially bigger and with so so much potential to expand greatly. The other plus is our deposit starts from surface and is basically untouched unlike Paulsens which the best parts are already taken. . Looking forward to Drilling proving up a substantially bigger jork and the move to commencement t of mining.
MYG Price at posting:
13.3¢ Sentiment: LT Buy Disclosure: Held
