MGV 2.74% 35.5¢ musgrave minerals limited

Ann: New High-Grade Gold Discovery at Louise, page-7

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  1. 196 Posts.
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    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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