Thanks for your post qdos, don't disagree with any of it. Going forward the share price is pretty much in the hands of RW and what he finds in the ground and how he presents it to the market. The POG will obviously also be important. I am quietly confident they are sitting on a sizable deposit at Lena/BoD which unless the POG collapses will justify early development. I know they are mulling all the development options you mentioned, toll treating/ore sales/own plant and these will be assessed in a scoping study planned for later in the year.
My take is the average punter can't be bothered doing the research to properly assess companies like Musgrave and just follow the hype from managements, witness the recent run on BBX Minerals. If Musgrave has the goods some of those funds that invest in resources after doing their homework will eventually lift the share price. A couple of small funds came on board in the last CR.
There will be more assay results out in coming weeks and the updated resource statement will presumably be released to coincide with the company's AGM on 17 July. That the statement has been delayed from end June suggests the incorporation of recent drilling results will mean a bigger resource number than would have been the case.
MGV Price at posting:
7.7¢ Sentiment: Hold Disclosure: Held
