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.
MGV Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held