MGV 2.74% 35.5¢ musgrave minerals limited

Ann: Musgrave Hits 11m @ 54.0g/t at Break of Day, page-11

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  1. 11,185 Posts.
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    Hi @plough

    Sound like you are starting to change your tune here.

    Re drilling depth, Probably reaching limits of RC rig at that sort of depth but not impossible. A big Schramm rig should get you there?

    http://www.schramminc.com/wp-content/uploads/2011/04/T685WS.pdf

    I would think more dd is a better choice though, as the core would help with interpretation and we have already done some did for the resource definition work at BOD.

    Murchison a bit on the nose as you say, but investors have themselves to blame to some extent. They like to ride the blue sky too hard and forget the risks. RMS has been a work horse in re-injecting stability into this gold camp and it is not getting the recongnition for its efforts that are due to it.

    It's a hard and a long game and each financial decision along the way is critical to success. Punters think every post is a winner. It actually goes according to a sequence like this. Explore, develop, survive, grow, prosper. RMS is in the mid-category between survive and grow, DRM is square in the survive category, GCY are sitting between explore and develop, but incredibly are valued higher than RMS on an EV basis. WGX are in the grow category but are short of good resources in the Murchison IMO.

    Eshmun
 
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