1. Will MGV have time to build a mill and be producing ore before the recession? I'd say no meaning they won't have positive cash flow on their balance sheet before market corrects (cash flow is king in a recession
2. nobody talks about/factors in the price of gold when cost adjusted for inflation, meaning gold still has a way to go before hitting the highs of 3 years ago.. check the ASX All Ordinaries Gold chart (AXGD) it shows the producing miners aren't hitting their highs either..
Hope that helps
MGV Price at posting:
31.0¢ Sentiment: Hold Disclosure: Not Held