Gold price recovering nicely now as you'd hoped Jamie. We must...

First 3 Last

Share
Profile

Follow
spurlo1

425 Posts.

5

06/01/17

07:22

Post #: 21711434
Share

Originally posted by jamieparklondon ↑

In January Musgrave should satisfy its commitment to spend $2.7 million on the Cue project and thus own 60% of a developing gold discovery which RW likens to Doray Minerals Andy Wells. This will be a significant milestone for the company. A 60% ownership presumably makes the company more attractive to a would be predator like Ramelius.

We expect to see some assay results from the Diamond Drilling program completed at Break of Day by the third week in January. I am told the company will begin the next drilling campaign in February a precursor to developing a resource estimate for Break of Day. More details to come in the December quarter activity statement.

Looking good. It took Doray something like three years from discovery to first production at Andy Wells which gives you some idea of a timeline for Break of Day. Be nice if the gold price recovered. Interesting to see if current market enthusiasm for Trump continues post inauguration when he can really put his twitter foot in it.

Expand

Gold price recovering nicely now as you'd hoped Jamie. We must be expecting some assay results from the first two DD holes from BoD imminently considering they were cutting the cores 1 month ago. It is also unclear if there is more to come from BoD South and Lectivus. I haven't seen mentioned anywhere how many holes or what total length was planned - only that "RC drilling of 2 new targets at Lectivus and Break of Day South will also be undertaken as part of the program" which was mentioned in the 14th Nov announcement with regard to the 8 DD holes for 2500m.

MGV Price at posting: 7.4¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Chaos reigns markets – so let's take stock of where we're at ahead of December

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

There are more pages in this discussion • 13 more messages in this thread...

First 3 Last

Add MGV (ASX) to my watchlist

Gold price recovering nicely now as you'd hoped Jamie. We must...

Top Stories

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Chaos reigns markets – so let's take stock of where we're at ahead of December

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025