MGY malagasy minerals limited

will we see a price rise

  1. 100 Posts.
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    Joint Venture partner and project manager Energizer
    Resources
    Inc. has released a positive Preliminary
    Economic Assessment (“PEA”) Study for the Molo Graphite
    Deposit
    , Madagascar
    , with 10% NPV of
    US$342M (MGY 25% = US$85M approx. 54
    cents per MGY share

    In regards to the above if mgy find good graphite tonnage in there own ground energizer may show some interest in it to add to there existing molo footprint.If we dont come up with the money for mine development will we get bought out or will we have to cap raise.Cant believe the share price at the moment with the potential in the future.
 
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Currently unlisted public company.

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