MGV 2.74% 35.5¢ musgrave minerals limited

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  1. 275 Posts.
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    It's looking very good so far. Some nice oxide ore with good met recoveries for a quick capital return (plus good gravity recoveries which means cheap initial processing is an option) on the plant, and then those steeply dipping lenses are perfect for stope mining as they extend underground.. needs to be a bit bigger IMO before this really takes wings, but early days and if they keep this newsflow up I'm expecting a good lift to at least the past year high of 12c this month. Unlikely to get a PFS this year, the new ASX rules mean they need to be certain of it being economic before releasing results (which is just plain stupid).. either way, I'm strapped in for a good ride on MGV.
 
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