This is shaping up as a major new discovery in the Murchison region. The ongoing drilling program keeps turning up high grade intercepts that will underpin a significant reassessment of the current JORC resource of 96,000 ozs. Its a great little company with a really competent and professional jockey in Rob Waugh. You have to wonder what the share price would do if he described the intercepts as "spectacular" as Kin Mining did with its recent assay results but IMO with less justification for the hyperbole. RW makes do with "excellent, strong, exceptional" and still the share price limps slowly upwards. That maybe about to change.
RW has always likened the Lena/B o Day deposits as akin to the Andy Wells discovery that launched Doray Minerals.
This now looks a lot better than Andy Wells.
MGV Price at posting:
9.3¢ Sentiment: Buy Disclosure: Held
