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39.0¢ musgrave minerals limited

Hope you are right on that resource as anything less than 1.5...

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Jakjazz

2,924 Posts.

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03/11/20

15:31

Post #: 48613947
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Originally posted by qdos: ↑

Great work. Seeing as we've had our first sniff of QE by the RBA today, gold price IMO is going up globally as QE is about the only thing left to Central Banks to stimulate their economies..

My gutfeel is that they'd hope to have a couple of these high grade shallow pods - using the golf course analogy discussed here a lot. The question will be what to do with the cash. Build declines and chase depth with own plant, chase a monster at depth with a lot of drill rigs and diamond core, await JV with EVN to find monster? My hope is that we'll see a decent Resource circa 1.5moz combined (current plus new). Cut-off grades can be pretty low for these deposits as shallow, amenable to mining and gold price is high and going higher.

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Hope you are right on that resource as anything less than 1.5 moz is likely to stagnate the SP. Not long to wait however...

MGV Price at posting: 52.0¢ Sentiment: Hold Disclosure: Held
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