SP may move sideways IMO, and will spike again when result of current drilling is announced. Im sure it will be a good one.
-MYG is targeting JORC of 1.65 Moz.
-Currently MYG has JORC 590,000 oz, and expanding.
-First Production scheduled Mid-Late 2012
-High grade gold and copper in Australia
-Open pit & underground mining close to infrastructure
-Scoping study completed, Full feasibility study currenly in progress, to be completed by 2nd Qtr 2011.
-Low cash operating cost for gold, less than $600/oz
-Gold price currently at apprx $1450/oz
-Bonus iron ore at Gullewa tenement.
- Current MC approx $40M
Having considered the above, Its a bargain at current price. I cant think of any better Australian gold explorer to invest in. Any ways you compare it with others, MYG is still the one to invest IMO. Im holding.
SP may move sideways IMO, and will spike again when result of...
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Last
82.0¢ |
Change
0.020(2.50%) |
Mkt cap ! $75.00M | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 82.0¢ | 80.0¢ | $26.51K | 32.98K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6600 | 76.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.0¢ | 24959 | 3 |
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| Last trade - 14.49pm 08/11/2024 (20 minute delay) ? |
| MYG (ASX) Chart |