MYG 0.00% 72.0¢ mayfield group holdings limited

Hi guys,Hartley's released an update of their research report...

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    Hi guys,

    Hartley's released an update of their research report with an increased 12 month target price of 20 c / share.

    In their updated report they considered the benefit of the recent metallurgical results and the resource upgrade.

    20c / share is their initial 12 month target price based on the current resource and a production of 50 k oz p.a., so there is a lot of upside if MYG strike some more gold in the current drilling campgain and upgrade the resource, thus allowing for an initial output of more than 75 k oz - 100 k oz p.a.

    Here is the link:

    http://www.mutinygold.com.au/images/stories/111215_-_Hartleys_Research_Report.pdf
 
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