MGV 2.74% 35.5¢ musgrave minerals limited

Ann: High-Grade Gold Intersected at Lake Austin North, page-7

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  1. 23,765 Posts.
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    Between the A,A1 drill fence and the E,E1 drill fence looks to be around 200 meters of strike and open at both ends what is spectacular is the the width of that strike it looks to be 600 meters wide and still open with a dip of around 70 meters of ore the numbers on that look to me to be around (200 * 600 * 70 * SG2.5 = 21 million tonnes of ore , but the weighted average so far looks to have a grade of only around 0.5 grams so only about 340k ounces and debatable if it would be economic to mine at that grade.
    Because it is still open in all directions (except vertical due to transported cover )there is plenty of blue sky here .
    The above is just my amature musings and is not financial advice , dont want Eshmun shooting me down in flames again as with mineral hill in Vic .
    I bought a few more
 
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