That's a nice chart Seth, it succinctly underlines the very real value already attributable to MGV.
I said some time ago that there was at least $100 million margin sitting in BOD / Lena and that was back when I thought we'd need to build our own mill and gold was struggling to hold $1600.
It's also why I've participated in every raising for the last few years and continue to hold.
It may well be a quicker payback than I originally thought due to the Westgold tie up but either way I see a significant re-rating coming our way.
Lake Austin has the potential to turbo charge MGV, while the latest round of holes were nothing exciting, there is a high likelihood further drilling will prove up a significant orebody and see this area turn into a major mining camp.
I'm looking forward to the faster news flow generated by extra drill rigs on site.
Exciting days ahead.
Cheers
Jules.
MGV Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
