cheap cheap cheap !MGY has a market cap of approx $ 11+ million...

cheap cheap cheap !

MGY has a market cap of approx $ 11+ million at 8.5ish cents. (please pull me up if i have this wrong)

OK so some back of the envelope sums. (all approx values)
1. $3m cash.
2. 7.5 million shares in EGZ worth approximately $3m+. This could soon be worth more than the total market cap of MGY alone !
3. Property plant & equipment of $3M+ these are real hard assets MGY commercial building etc…., reoccurring annual income of $700 000 + (commercial rents and royalties)also note in recent release from MGY they are negotiating with a new Chinese group for more labrodite royalties. You would think this adds another 200k per year. (so hopefully 1m+ of cash flow per year)
4. 25% free carry in its JV with EGZ in the GRAPHITE CAMP & VANADIUM until BFS is complete which has the potential to be huge! Currently the 25% JV would be worth approximately $4-6 000 000+ from the results released so far. Look at EGZ chart it only spiked in value once the graphite deal was down.

So approx $15m+ in assets alone with no upside valuation for MGY’s base metal projects or their own graphite projects…..remember MGY still hold 60% of its land and I bet they have graphite on it?

Headed to 30m+. Love to know everyone thoughts and any assets or value I have missed. Please correct me if I am wrong anywhere.

Can’t wait to see what happens with more results released….. this is from EGZ (is over two weeks from their last announcement)
“assays from Molo deposit plus 2 more new zones will be released every 2 weeks or so in June/July 2012 .With the JV Property included, Energizer has identified 17 distinct graphitic zones, supporting its belief that the property constitutes a graphite camp. “We’ve drilled seven of those zones, and the assays will be coming back over the next few weeks,” Nykoliation adds. We’re moving very quickly to delineate a 43-101 resource on the graphite,” he says. “We need to determine where in the 17 zones we’ll delineate that resource…. We expect to have a 43-101 resource by July or August of this year.We expect to have a PEA completed probably by September or October 2012, and then we’ll be in a position to have a bankable feasibility, along with a pilot plant project that would start earlier, by December of this year. Nykoliation explains, “The reason we can fast track this is our partnership with DRA Mineral Projects, Africa’s leading mine development firm. DRA runs 29 mines around the world. They run mines for Xstrata (XSRAF), Rio Tinto (RIO), Vale (VALE), and now they’re partnering with us. They’re the ones who’ll do our PEA and our bankable. In 18 to 24 months, assuming we hit all our timelines, we could have a mine open up. DRA could be our total engineering, construction, procurement and management solution for mines.Getting back to the question of identity, it’s a matter of economics. “The capex on a graphite mine is much lower than on a vanadium mine. So graphite might be the springboard to get the mine open. Then the revenue from that would help fund our vanadium operation, Nykoliation says. Offtake discussions are already underway, and the suitors could come from a number of countries. “We’re close to the Chinese market,” he says. “We’re perfectly situated for South Africa, one of the largest vanadium consumers in the world. We are ideally situated for Europe. Madagascar is an extremely mining-friendly jurisdiction. But it also has location, location, location.”