I was watching this all day today and yesterday.....and there is...

I was watching this all day today and yesterday.....and there is stuff all selling pressure....yesterday seemed like the final flush of the narrow minded profit taking lows.....nothing wrong with taking profit of course....but at a $7m m/cap ....$2m cash....are you kidding me.. drilling on a proven shear smack in the middle of neighbours worth 20-30 times more than you...sure we are only an explorer....but location,location,location

I tipped MGV on the short term traders thread yesterday......Post #:17965944

STTCOMP MGV, FA Long

Australian focused gold and base metal exploration company

Market Cap $7m, Cash $2.1m. No debt

Largest Shareholder Silver Lake Resources (ASX-SLR), 2nd Largest Independence Group (ASX-IGO), 4th Largest Barrick Gold (NSE-ABX)

Only 125m shares on issue. (T20- 42%)

MD was a critical member of the WMC Resources Limited exploration team that discovered the massive Nebo and Babel nickel/copper/PGM deposits at West Musgrave in 2000.

The farm-in project with Silver Lake resources at Cue put them in the middle of surrounding producers Ramelius Resources, Metals X, Gascoyne Resources and Silver Lake Resources, on a proven gold bearing shear.

Share price took a beating due to MTH selling down their holding due to their own cash issues, and a PA stealing funds which have only been partially recovered.

Musgrave still hold tenements covering an area of 25,000km² - approximately 2.5 per cent of South Australia, one of the least explored exploration frontiers in Australia, which will eventually become even more accessible with the Outback Way road development.



The Moyagee Project hosts a combined JORC (2012) and JORC (2004) compliant total Mineral Resource base of 1.9Mt @ 2.0g/t Au for 126,900oz

The Hollandaire Copper Project hosts a JORC (2004) compliant total Mineral Resource base of 2.0Mt @ 1.9% Cu for 38,800t of contained copper and 2.7Mt @ 5.8g/t Ag for approximately 495,000oz contained silver and 0.52Mt @ 1.35g/t Au for 22,500oz contained gold

In 2012, Silver Lake reported at Mount Eelya, which is located about 6 kilometres north of the Hollandaire copper-gold deposit, Highlight assays 7 metres at 9.9% zinc, 1.2% copper, 0.3g/t gold and 12g/t silver from 29 metres, including 1.3 metres at 34.6% zinc from 29.6 metres; and 2.3 metres at 9.9% zinc, 0.5% copper and 17g/t silver from 19 metres.

http://www.*.com.au/genera//img/companies/news/hollandaire_mineralised_trend_350_50be963b413b3.jpg

"The potential for a 10 kilometre long base metal/gold corridor is unfolding" they reported

The Rapier pit is located within this corridor and was mined by Newcrest in 1993

Now by all accounts this is very high grade, shallow Zinc deposit

Another potential future kicker to the Zinc story for MGV, is they agreed with a subsidiary of Terramin to terminate its Menninnie Dam Mining Farm-In JV.

As part of the termination, (Terramin) agreed to pay Musgrave an amount equal to 1% NSR in respect of all minerals produced from each of EL5039 (Menninnie Dam) and EL4813 (Nonning) ---JORC 2004 compliant Inferred Resource totalling: 7.7Mt @ 3.1% Zn, 2.6% Pb and 27g/t Ag, at a 2.5% Pb+Zn cut-off

--------

Their Market Cap sticks out like a sore thumb in this proven, deep, gold bearing region