MGV has mining permit in place at Starlight. IMHO that could fast track a small and very shallow open pit into production within 6 months. JORC will be available in the next few weeks. Subject to negotiating a milling contract, haul contract, completing some very basic engineering and business set up studies for the site and complying with local regulations related to the establishment of a small mine site.
We are talking about a relatively small tonnage of ore of about 4,000 tonnes per week from a very shallow open pit.
MGV Price at posting:
51.8¢ Sentiment: Buy Disclosure: Held
