the reason I'm here is I compare MGV to SPX penny north project down the road that got taken out by RMS last year,
SPX had 355,500oz @ 13.g/t not open pittable, RMS paid $208m or $585oz this was a big premium on what projects normally go for but it was money well spent with the AISC to produce looking to be around $900OZ for a profit of over $400m
IMO our open pitable 262,000oz @ 10.3g at break of day could easily be valued at $585oz this will also mine for a ASIC well under $1000 this makes break of day by itself worth $153m
add in Lena 325,000oz @2.3g/t and the new drill hits in hand being followed up ATM.
IMO MGV is very cheep at the moment
MGV Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held
