MGV 2.74% 35.5¢ musgrave minerals limited

Ann: Quarterly Activities & Cashflow Report-MGV.AX, page-21

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  1. 2,284 Posts.
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    I can see how it would be preferable, expedient and the percentage play to stay focussed and see out the exploration in one area before moving on. It's rational and it puts your money and resources where they have the best chance of success. Nevertheless, there is more drilling coming out of BOD so that's something to look forward to. They haven't dropped the ball yet.

    Personally, when Management's on a roll and doing a lot right, I don't mind it if they're a little adventurous. You have to give them the benefit of any doubt at this point. Stay positive.

    As I don't have much experience in this space, can anyone tell me:

    1) How deep & wide would you need to find gold and what grades do you need to get you very excited about a prospect?

    2) If you only have near surface gold it can still be economically viable. Do the results we have thus far suggest there is enough gold near the surface or do we need to find a lot more?

    Sorry for the amateur questions, learning on the run. I'd appreciate any info.
 
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