Musgrave Minerals Ltd (ASX:MGV, OTC:MGVMF) managing director Rob Waugh takes Proactive through a stage one pre-feasibility study (PFS) for the company’s cornerstone Cue Gold Project in WA. With a pre-tax internal rate of return of 95% and a pre-tax net present value of A$235 million, Waugh says the five-year development scenario represents a low-cost, high-margin gold opportunity. Musgrave plans to release a PFS for stage two early next year and is focused on updating the mineral resource and seeing the drill bit spinning in the coming months.
Musgrave Minerals sees low-cost, high-margin gold in Cue’s future
