I thought Parsons would have learnt a lot from GRY so it was nil...

I thought Parsons would have learnt a lot from GRY so it was nil issue with me + every gold stock was going crazy at that time before the gold price got flogged in 2013. Are we repeating it all over? most definitely, but I believe the party's just getting started. Look at A1G, it hasn't even drilled a hole for gold in Africa, yet it has the same market capitalisation as MGV, this all on the back of Parsons and Tolga being involved. I find the valuation a bit ridiculous for A1G, but it's a great sign that the market is warming to gold juniors and mid tiers after a long affair with the top four (NST, RRL, EVN, SAR). Massive rotation is coming down the chain. 

MGV's current resource unpins a valuation of ~10c per share, with upside of 20-30c once we know metrics for mining Lena and BoD. The exploration here is FREE. On the exploration front, the system they are drilling has a massive footprint and massive foot prints usually point to big deposits - the company has stated multi-million ounce potential on Lake Austin - I for one believe them, and if it's not there then we can fall back on mining Lena and BoD with treatment at one of the many close hungry plants. No massive capex required here!