Assay results on the remaining 13 drill holes will be released in two or maybe three reports over the next three weeks. Then the company begins a diamond drilling program to better define the ore body.
The results thus far are great but further drilling is required to be definite about a major resource in the making. The understatement from RW is deliberate, he obviously doesn't want to raise expectations ahead of drilling results. But those results are improving with each assay report.
The remaining drill holes will include those extra holes added to the initial program including those drilled from a westerly direction.
So what have we got here.
CEO with 12 years experience in the region, who clearly knows what he is doing but not prepared to join the spivs who ramp up prospects. Also readily responds to shareholders queries. If you have any questions just give him a call.
A company with enough cash to see it through the upcoming next phase of drilling.
A prospect at Break of Day that RW likens to Doray Minerals Andy Wells discovery.
Some very impressive grades, now the high quality intersects need to be matched with quantity.
Looks a pretty good speculative play to me.
Once the share price moves through the roadblock at 10.5 cents probably pretty plain sailing to 20 cents on continued good assay results.
MGV Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
