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I've got a bid in for more @ 0.065
I 'have' to be consistent and since I am a firm believer in an impending gold bull market resumption, then what is the Menzies Gold Project (MGP) alone worth?
MGP 500kozs Gold MRE mostly modelled in pits and all pits < 200m deep
KWR at 0.065 per share (slightly higher last I looked) with 250m shares issued = $17m market cap
That's valuing Menzies gold @ $34/oz
Water and power supplied to tenement, adjacent to sealed hwy, close to second party plants, all resources on mining leases.

Plus Goongarrie Gold Project (GGP) is far from dead, they've got results with no gold from two diamond holes poked into bedrock below a surface gold mineralized alluvial area 2kms x 1km.

Still worth the punt to me, although the biggest cloud is the soon to come capital raise. Say 100m new shares placed @ 0.05 to raise $5m giving a new tally of 350m shares issued?

<blockquote data-quote="finicky" data-source="post: 1180966" data-attributes="member: 2104">I&#039;ve got a bid in for more @ 0.065I &#039;have&#039; to be consistent and since I am a firm believer in an impending gold bull market resumption, then what is the Menzies Gold Project (MGP) alone worth?MGP 500kozs Gold MRE mostly modelled in pits and all pits &lt; 200m deepKWR at 0.065 per share (slightly higher last I looked) with 250m shares issued = $17m market capThat&#039;s valuing Menzies gold @ $34/ozWater and power supplied to tenement, adjacent to sealed hwy, close to second party plants, all resources on mining leases.Plus Goongarrie Gold Project (GGP) is far from dead, they&#039;ve got results with no gold from two diamond holes poked into bedrock below a surface gold mineralized alluvial area 2kms x 1km.Still worth the punt to me, although the biggest cloud is the soon to come capital raise. Say 100m new shares placed @ 0.05 to raise $5m giving a new tally of 350m shares issued?</blockquote>

[QUOTE="finicky, post: 1180966, member: 2104"] I've got a bid in for more @ 0.065 I 'have' to be consistent and since I am a firm believer in an impending gold bull market resumption, then what is the Menzies Gold Project (MGP) alone worth? MGP 500kozs Gold MRE mostly modelled in pits and all pits < 200m deep KWR at 0.065 per share (slightly higher last I looked) with 250m shares issued = $17m market cap That's valuing Menzies gold @ $34/oz Water and power supplied to tenement, adjacent to sealed hwy, close to second party plants, all resources on mining leases. Plus Goongarrie Gold Project (GGP) is far from dead, they've got results with no gold from two diamond holes poked into bedrock below a surface gold mineralized alluvial area 2kms x 1km. Still worth the punt to me, although the biggest cloud is the soon to come capital raise. Say 100m new shares placed @ 0.05 to raise $5m giving a new tally of 350m shares issued? [/QUOTE]

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