I grabbed 150k shares today and will be looking to double that amount if the sp drifts back to 10-12 c. Not very likely when looking at the current depth, though.
@ treasurehunter
thanks for the great research.
Looking for bargains has become like the proverbial search of the needle in a haystack.
After conducting very long research of several stocks MYG is the only one with an outstanding value proposition.
Here's what I like:
- Decent JORC resource ( 580 k oz / au , 25kt cu, + silver, Ni )
- Established infrastructure with production plant, mine camp, etc.
- Scoping study due in February, BFS due in mid 2011
- Expansion drilling taking place to significantly increase the resource
- Huge Iron ore prospect next to GBG which the market doesnt seem to value yet
- Enough cash in the bank ( 5.5 M$ will see them through a lot of drilling )
- 37 M$ Market Cap
- Targeted annual production of 60k oz / au, 2k cu, 30k oz / ag @ at a probable production cost of 460 $ / oz giving an annual revenue of around 100 M$ and a net profit of around 45 M$ in the first stage of production and at a mine life of more than 10 years. That all for a current market cap of 37 M$.
Looking forward to the drilling results of the extension drilling. We might be in for another couple of super high-grade copper / au hits.
All the best,
Sellier
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nice comparison john 435, page-24
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Mkt cap ! $75.91M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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84.0¢ | 25848 | 1 |
View Market Depth
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2 | 6700 | 0.795 |
1 | 12500 | 0.790 |
1 | 9912 | 0.780 |
3 | 6750 | 0.750 |
Price($) | Vol. | No. |
---|---|---|
0.840 | 25848 | 1 |
0.860 | 5058 | 1 |
0.900 | 2494 | 1 |
0.920 | 5000 | 1 |
0.980 | 2520 | 1 |
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