You have to wonder what it will take to get some investor interest in this developing gold story the subject of a an intensive drilling program that has the potential to reveal a major new gold resource at Lena and Break of Day. It could be of a size well beyond what the company originally anticipated.
Next assay results likely later next week and should cover a larger number of holes. Some times the market tries one's patience. Looks like the graphite, lithium and cobalt plays have pretty much hit the wall and some of the gold stocks may have experienced some collateral damage.
Understand broker interest is growing in with some taking positions in the company. Patersons belated buy recommendation welcome. Perhaps Patos angling to get the next equity raising which I am told is not imminent.
Waiting with bated breath on what drilling in the 500 metres stretch between the two significant intersections at Lena turns up. Understand there has been some shallow historical drilling into the 50 metres oxide cover but little drilling deeper down into fresh rock. Here's hoping.
MGV Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
