You are a multi-bagging king....I feel glad when you are scooping up 5c stock Are you the capper
Forget your furniture business when you are cleaning up on the market
Too late now to take back the info posts.....by the way I just posted this on STT and Zinc threads I know I am on a winner, you know you are the winner, the stock is still cheap as....but will the market see what we see? Who knows?
As a bit of a left field, very undervalued, unloved metals play.....including a potentially very large shallow high grade zinc deposit.....MGV ticks a lot of boxes. Only $6m m/cap......$2.1m cash
They recently took on Silver Lake's key non-core asset on a farm in. Besides being neighbours to Ramelius, Metals X, Silver Lake and Gascoyne on a proven gold bearing shear, their largest shareholders are Silver Lake resources, Barrick Gold and Independence group.
In 2012, Silver Lake reported on part of the project MGV now have.....
"Silver Lake Resources (ASX: SLR) has discovered near surface zinc grades of up to34.6% zinc during drilling at Mount Eelya within the Eelya Complex, part of the Murchison project in Western Australia.
Mount Eelya is located about 6 kilometres north of the Hollandaire copper-gold deposit, where Silver Lake recently intercepted copper grades of up to 4.5%.
Highlight assays from the $20 million drilling program currently underway include 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.
The potential for a 10 kilometre long base metal/gold corridor is unfolding."
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.....but the kicker is what else is there, or is Zinc the kicker?
Drilling is currently underway at Gold and Copper targets at Lady Stardust and Mt Eelya.
"Surface copper and zinc anomaly extended over 700m strike at Mt Eelya in close proximity to recently discovered massive copper sulphide mineralisation (8m @ 1.6% Cu, 0.6g/t Au, 10g/t Ag)"
Another potential future kicker to the Zinc story for MGV, is they agreed with MMPL, a wholly-owned subsidiary of Terramin Australia Ltd (ASX: TZN) to terminate its Menninnie Dam Mining Farm-In and Joint Venture Agreement.
As part of the termination, MMPL 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). MMPL has the right (but not the obligation) to buy back 50% of the NSR (being 0.5%) for $1,250,000 within 60 days of first receiving product sales proceeds from any of these tenements.
"The Menninnie Dam deposit, located on EL5039, consists of two main mineralised zones: the Menninnie Central zone and the nearby Viper zone. The lodes at Menninnie Central and Viper have been combined to estimate a 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 (ASX: TZN 1st March 2011)"