(NewsDirect)
Musgrave Minerals Ltd (ASX:MGV) managing director Rob Waugh takesProactive through a stage one pre-feasibility study (PFS) for thecompany’s cornerstone Cue Gold Project in WA. With a pre-taxinternal rate of return of 95% and a pre-tax net present value ofA$235 million, Waugh says the five-year development scenariorepresents a low-cost, high-margin gold opportunity. Musgrave plans torelease a PFS for stage two early next year and is focused on updatingthe mineral resource and seeing the drill bit spinning in the comingmonths.
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