The twilight and velvet lodes make up the existing break of day...

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Cashmeoutside

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09/08/20

13:14

Post #: 46406693
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Originally posted by Lurcher.A ↑

possibly interesting slip of the tongue at 1:05:05 - mentioned "Twilight" lode before correcting it to Starlight and Whitelight. Do we have a Twilight lode that I've forgotten about? Or are we about to get a Twilight Lode in a forthcoming announcement? Or was it simply a slip of the tongue? I know it's pure speculation, but I'm seriously hoping it's the middle option.

Shortly after this he mentions (and a subsequent slide reiterates) that they're striving for a stand-alone operation. This despite his observation that there is increasing potential for M&A in the Aussie gold sector, so he obviously doesn't rule this possibility out. But, and this was the most exciting part of the video for me - right at the end at 1:11:30 when asked for some sort of indication of when production might start he seems to say that at least 18 months for the start a stand-alone production but if the decision is made to use existing nearby mills then it could be as little as 12 months? Either way, this is such a short timeframe for us to wait. And what happens to our SP then? Now c'mon - just how exciting is this?

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The twilight and velvet lodes make up the existing break of day resource (870kt @ 7.1g/t for 200koz). Starlight and white knight are ‘link lodes’ that run parallel to the twilight & velvet lodes.

I suspect the resource upgrade this quarter will not only include initial estimates for starlight & white knight but will significantly add to the resource base at Twilight and Velvet remembering the last resource estimate was done July 2017 and there’s been a heap of drilling on those two lodes since that date.

MGV Price at posting: 76.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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