As I see it MYG is in the valley of death at present, from which some don't make it. I typically invest in a wide range of shares from technology to biotech to exploration and each has a similar valley. For the miners the excitement of the first find is usually followed by a lot of hard slog to get the resource measured, and very rarely are the expectations of an enthusiastic market matched. Combine this with the difficulty of the business environment at present and the result were never likely to be good enough to stop some pulling the pin, especially if they made a small profit. I believe MYG has the goods to get out the other side and turn into a solid little earner. So many of the risks have been addressed and the resource is significant. This is unlikely to be another Olympic Dam or Prospect Hill, but that is still just fine with me....
MYG Price at posting:
9.0¢ Sentiment: Hold Disclosure: Held
