I understand that the Tuckabianna plant doesn't need much to get it back into production. It apparently needs a power source and a few other bits and pieces but nothing that is going to cost Westgold a lot of money. Westgold has several operations in the Murchison most of them old mine refurbishments, that will provide feed.
The attractiveness of Musgrave is that it will be a new mine with considerable exploration potential. The next round of drilling will focus on the southern extension to Break of Day which if successful could add value quite quickly.
Interesting couple of weeks coming up. Last thing we want is for Westgold to make a bid for Musgrave at a low ball price which unfortunately is what Peter Cook has done successfully in the past.
MGV Price at posting:
7.8¢ Sentiment: Hold Disclosure: Held