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2.74%

35.5¢ musgrave minerals limited

Massive beating of gold over night, down $43.

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bahar

8,168 Posts.

141

05/10/16

08:10

Post #: 19626881
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Originally posted by peejayhercules ↑

My short term estimate is 15.5, which hopefully will coincide with the end of the current assay results.
But I'm with you, what happens after that? A poster mentioned 40 to 50 cents, but what time frame are we looking at, and what are the processes we have to go through to get there?
Do we bail at 15.5 and lock in a few bags?
Do we need to continue drilling to define a JORC?
My understanding through the CDG forum is that getting a JORC from nuggetty gold is difficult.
Is a CR necessary before we go into production?
There is a lot of infrastructure available around the Cue area. Are we lucky and don't need to invest too much in infrastructure?
What about our other projects, aside from Break Of Day? Do they look any good?

By the way, chart looks like it's taking a breather. Solid resistance at 10.5. Waiting for the next set of results which are due very soon.

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Massive beating of gold over night, down $43.

MGV Price at posting: 10.0¢ Sentiment: Hold Disclosure: Held
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