In this region in particular - I don't think they need magic- location in general is well proven. Just a fair bit of coin to exentually reach milestones and earn their 80% of the project. Market will decide if they want to see it raise with minimal dilution (higher sp) or greater dilution (current sp). As they will need to raise sooner or later with such an agressive exploitation campaign. Though as stated 125m shares currently is stuff all. I for one will support them. I would like to see a mid tier miner here one day. Certainly seems like they potentially have the makings. Ie. The dirt, the aggression, the shareholders, the structure.
MGV Price at posting:
5.2¢ Sentiment: Buy Disclosure: Held