Ann: Boardroom Media Interview - Exploration Update, page-6

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cafa

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17/11/16

16:48

Post #: 20697059
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Originally posted by jamieparklondon ↑

Well at least the selling has stopped which has to be welcome. What Musgrave needs now is a new group of believers prepared to buy in a current levels for the next leg up. And we shouldn't have long to wait for that with first assay results expected from mid December.

I asked RW recently if he was at least 50% confident he had a commercial mine at Break of Day. He said his confidence level was much higher than that.

So far grades are great, widths are comparable with other producing mines in the district (Andy Wells Great Fingall etc) and now they hope to show the mineralisation extends further down plunge than 250 metres that they have intersected so far.

And if the RC drilling at Leviticus and BoD South come up to expectations there really could be a a "string of pearls" along the BoD shear zone. Moreover there has been virtually no exploration to the north of BoD where RW's team will take some soil samples as part of the next four week's program.

Its looking very hopeful for obviously what remains a speculative play but the upside has to be substantive if the results are encouraging. You then have to wonder who might buy them out given the share registry is wide open. Silver Lake have 5.3% and are obviously taking a serious interest after all it is there ground Musgrave is acquiring. Metals X has tenements all around and is cashed up. Ramelious is there too and need extra mine life deposits.

Going to be an interesting ride up to Christmas. Lets hope Santa has presents for all Musgrave shareholders.

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' You then have to wonder who might buy them out given the share registry is wide open.'

IGO?

MGV Price at posting: 9.2¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Ann: Boardroom Media Interview - Exploration Update, page-6

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