MGV (ASX) Ann: New High-Grade Gold Discovery at Louise

Originally posted by jules1970 ↑

Hi Estate,
I've come to the same conclusion but may be approaching it from a different angle.
I've no doubt at all that MGV will be a very profitable company when mining starts, so am not too worried about the spikes in share price, I look for the lows and accumulate when everyone has thrown their hands in the air.
I expect we'll have a new resource figure in the first half of next year, with hits like 11gmt at 25mt true width that resource will be looking pretty good.
I think the long game here will produce very significant gains for holders and aim to be a part of it.
While this orebody is already to good to fail, it continues to grow and grow with excellent grades at that, I see a day when it will just be too obvious for either the market or gold hungry peers to ignore.
My worst fear is a takeover, that would be the poorest return of all in my opinion.
While it's frustrating for longer term holders, our MD Mark Waugh is on the right track at BOD / Lena and now Louise.
To be honest the recent hit at Louise really made me sit up and take notice, 4mt @ 15gmt first go is absolutely outstanding and goes a long way to indicating the potential of the field.
Without doubt, MGV isn't on the radar of the market at the moment, its not a sexy ARV but MGV will actually make money.
I hold and accumulate.
DYOR
Regards
Jules.

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"it's not a sexy ARV"

ARV is a pig with lipstick on at it's current price, no guarantees, just hope that the nuggets will somehow stack up into a mine. MGV has minor issues of its own with the "nugget effect" but in a far more conventional sense. MGV can produce a JORC with standard estimation techniques and the degree to which the "nugget effect" is included or excluded in the resource estimate is under the control of the person making the estimate. Esh

"it's not a sexy ARV" ARV is a pig with lipstick on at it's...