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2.74%

35.5¢ musgrave minerals limited

What a change for MGV....from illiquid unloved to a stock the...

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specgoldbug

12,874 Posts.

370

10/10/16

21:05

Post #: 19757111
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Originally posted by eshmun ↑

Hi Mouze,
I think it is to early to discuss the commercial aspects of mining at BOD. The important thing to watch for is if the lodes continue at depth and if these high grades and widths are sustained down plung. I note the announcement is saying the lodes are varying between vertical and steeply west dipping and all the drilling is inclined in a westerly direction at the moment. They plan to drill in the opposite direction to better define the true widths and they seem to be down playing the next round of drilling saying it's mainly to define the extent of the mineralised lodes. So far the geometry of the loads seems a little complex (at least for me to picture in my head). The value here will come down to the size of the resource they can define and its continuity. Another pod of thick high grade ore down plunge of these current results should give us a kick along (but is that pod there to be found)? Esh

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What a change for MGV....from illiquid unloved to a stock the market is waking up to......trading and enjoying

To think they have only explored a fraction of the ground in this big regional setting.....

And how much % of land do they own in the under explored Musgrave.....absolutely huge mass of land

Upside isn't the right word

MGV Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
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