Let's take a more conservative view, and say we end up at 1.1-1.3moz at 5 to 6g/t (I'm basing this off the existing 633koz at 3g/t, RW's call that we're going up to a over a million, and the fact that the next few hundred thousand oz is obviously at much higher grades than the current JORC resource).
What's that worth in the current environment? Bigger players need ounces. Gold is on the up. We're in a prime location. Our gold is shallow. You could imagine several big fish coming for us.
This is why the people talking down MGV have no clue. What is already under our feet justifies the current MC, IMO, and then some. SPX sold for more. If the SP dips momentarily because traders want to run over to whoever else and talk us down, let them go, thank them for playing, buy their shares and enjoy as the results roll in.
GLTAH
MGV Price at posting:
46.5¢ Sentiment: Buy Disclosure: Held
