With MGY just kicking rocks about and callingit "exploration"....

With MGY just kicking rocks about and calling
it "exploration". Combine this with no real future exploration on the horizon (according to the latest annual report) we can all safely assume that we are just riding along with EGZ and waiting for the best outcome. Just as well EGZ are serious about this mine development.....
"Energizer is currently engaged in advanced discussions with numerous potential off-take partners. With the Molo Graphite Project pilot plant being initiated this month at SGS Canada Inc., multi-tonne bulk samples of finished graphite concentrate from the Molo deposit is on track to be delivered to potential off- take partners within 45 days. The delivery of these bulk samples to various potential strategic partners represents the last evaluation step required by potential partners to begin finalizing project level financing and off-take agreements with Energizer".
So what will be the best outcome?
In my opinion EGZ will likely buy out most of MGY's 25% leaving MGY with about 5%. EGZ will more than likely be seeking a cashed up JV partner to take the development to its conclusion. This extra 20% would give EGZ 95% of the project allowing it to give a fair chunk to a potential JV partner. I think this will happen sooner rather than later.
So what is the best outcome for us MGY holders? A ball park figure of 15 cents per share with 5% left over of the Molo project is my opinion.