MGV 0.00% 39.0¢ musgrave minerals limited

MGV - Long termers, page-3

  1. 173 Posts.
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    I'll put myself in that boat.

    The value of this company is in the grade near surface. What came out less than we'd all been hoping was the ounces. We either need:

    a) more ounces at high grade near surface (>1m total) OR
    b) to hit something very juicy deeper underground

    Both of these require drilling/cash, so I'm not displeased about the CR.

    Considering that the understanding of the geology is better now, if RW and the team keep going at this pace, assuming the gold price doesn't tank, we should see some decent hits and positive price action in the coming months, even more likely if the gold price rises back beyond $2000 USD.
 
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Currently unlisted public company.

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