Just looking briefly at MGV's 'gold cousins' (ASX:GOR) & (ASX:EVN) and it appears that MGV have been oversold by a country mile !
MGV - 10.37%
GOR - 4.86%
EVN - 5.81%
as of about 3:45pm today.
I am astonished with the current revelations at MGV, with gold of such a shallow depth and grades second only to the highest grades I have ever seen in WA, and that is Kilograms / Tonne !
MGV has been spooked by someone/something, look at the Volume of stock traded today compared to GOR & EVN. To me this just does not reconcile.
I am keen to hear others opinions.
The bottom table below also reveals the AISC for EVN's various operations. I think MGV might just cut those EVN AISC's by half in the first instance !
The EVN AISC Table below.
I can not offer a Sentiment to my post, but what I will say is, I am holding for the long run, in particular with 4 rigs now on the go, an updated JORC to include Starlight before the end of September, announcements by heaps to be released very soon.
Cheers & GLTAH
