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35.5¢ musgrave minerals limited

Ann: Quarterly Activities & Cashflow Report-MGV.AX, page-24

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Prisoner24601

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01/11/16

13:13

Post #: 20281499
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Originally posted by eshmun ↑

The way I look at this prospect is that some of the intersections are "company making" in quality but we need to prove depth continuity to the deposit or else it won't have a chance for enough size for the company to easily exploit on its own account (ie through a stand alone plant or toll treating options).

Also I can't see a very big open pit component to this deposit if it ever were to become a mine. Best we could expect IMO is a small to medium size high grade largely underground mine with possibly a small open pit proving a portal to a decline. That's why finding a repeat of this mineralisation nearby would be good. The company could build their resources one deposit at the time. If they could find a repeat deposit containing a bigger oxide component (weathered ore closer to the surface) that would also help the overall prospects of a mining operation. Hope that makes sense, can't really add more than that. It would be interesting to know what previous exploration has been done along the trend. That would help determine the likelihood of further discoveries. Esh

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Thank you Eshmun. Does make sense, appreciate it.

MGV Price at posting: 11.0¢ Sentiment: Hold Disclosure: Held
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