MGV 2.74% 35.5¢ musgrave minerals limited

Ann: Musgrave Hits 11m @ 54.0g/t at Break of Day, page-43

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  1. 321 Posts.
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    Hi Esh sorry about the above non post! The observation that the new discovery doesn't look to have potential up dip is mine not that of the company. The latter's view is that the updip holes were not aligned with the MORC084 hole which you could interpret suggests there may still be updip potential. But RW hopes to get the rig back out into the field ASAP to see what lies down plunge/dip below 084. I think they are really excited (an overworked word I know) about the potential of the new shoot to add significant reserves to BoD.

    Remaining assay results will almost certainly be out this week. My worry is that in a market that already shows no interest in Musgrave, NSIs will drop the share price back to 5.0 cents. Also wonder why Ramelous would buy a mature mine like Edna May and not be interested in a developing deposit like Bod and Lena given the CUE deposits are in RMS' backyard.
 
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