MYG 0.33% 75.3¢ mayfield group holdings limited

sp could fall below recent low 3.4 cents , page-21

  1. 8 Posts.
    lightbulb Created with Sketch. 1
    I share your optimism Hoodlum, although one hole boosting the resource 50% (another 300,000oz) is a bit ambitious imo. Given an already substantial measured tonnage I think they'll be looking to pin-cushion the SAM pick-ups at moderate depth and maximum allowable strike spacing the geologist is willing to sign off on to try and maximise the inferred level close to deflector, which in all possibility may more than double by hitting another fat lode or three.

    Frustrating for management that a little more cash could get the ball rolling in a serious way. The board may as well pool their rainy day funds, hire a rig and operate it themselves (should keep the costs down too). Tardiness will be the killer as a drill program announcement would be enough to nip the SP slippery slide.
 
watchlist Created with Sketch. Add MYG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.