They are nice numbers indeed with more to follow. It isgreat to see a small resource stock well lead by a professional geo and a small Board enjoy success when there are so many spivs out there screwing shareholders with dodgy announcements and dodgy promises. Just look at the medical cannabis market.
We have "fantastic" results from 4 holes at Lena/Break of Day with 36 holes at least to come. By any measure Musgrave is now undervalued when compared to many of its gold explorer peers with far less going for them.
My guess is we are looking at a mineable resource including open pit and underground of between 250,000 ozs and 500,000 ozs based purely on results to date and given that before any drilling was started by MGV Silver Lake had assessed a combined Lena/Bod resource of some 125,000 ozs.
All the company needs now is some tipsheet to recognise the potential and recommend it to their subscribers.
Musgrave will need to raise cash again this year and the results coming in give it a lot of leverage to negotiate with brokers et al. Hope they don't go again with Patersons Securities who have down nothing to promote them since the last CR.
Then there is the possibility that Ramelious might come along and say hey we like what you are doing so what about we take you out at 20 cents. It would be a bargain for them.
Lots of announcements to come.
MGV Price at posting:
8.9¢ Sentiment: Buy Disclosure: Held
