MGV Milestones ahead in January

In January Musgrave should satisfy its commitment to spend $2.7 million on the Cue project and thus own 60% of a developing gold discovery which RW likens to Doray Minerals Andy Wells. This will be a significant milestone for the company. A 60% ownership presumably makes the company more attractive to a would be predator like Ramelius.

We expect to see some assay results from the Diamond Drilling program completed at Break of Day by the third week in January. I am told the company will begin the next drilling campaign in February a precursor to developing a resource estimate for Break of Day. More details to come in the December quarter activity statement.

Looking good. It took Doray something like three years from discovery to first production at Andy Wells which gives you some idea of a timeline for Break of Day. Be nice if the gold price recovered. Interesting to see if current market enthusiasm for Trump continues post inauguration when he can really put his twitter foot in it.