he is going for more porphyry targets again. deep drilling and fast burning of cash.
not saying the strategy will not work but when the cash is low then it is risky. at this stage he is only proposing AC and RC but eventually will have to go for diamond holes.
I thought he will test Parkes area and perhaps Roselawn with RC holes. I guess if he does not hit anything interesting with the AC and RC holes at Lady Ilse and Rose Hill then he may not attempt diamond holes.
But if MAG drills RC holes at Lady Ilse and Rose Hill then why not 2x 300m RC holes at Roselawn - fishing holes.
Having said that, I still like both Rose Hill and Lady Ilse. I don' think previous MD explored them properly. He did drill few extra holes at Lady Ilse which I found interesting as he tested different hole orientation which will help Adam to eliminate couple of scenarios. So in that regard the Adam has some help.
he is going for more porphyry targets again. deep drilling and...
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Last
8.5¢ |
Change
-0.010(10.5%) |
Mkt cap ! $32.43M | |||
| Open | High | Low | Value | Volume |
| 8.7¢ | 8.8¢ | 8.0¢ | $91.43K | 1.085M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20033 | 8.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.5¢ | 35135 | 4 |
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| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
8.1¢ |
Change
-0.010 ( 14.7 %) |
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| Open | High | Low | Volume | ||
| 8.6¢ | 8.7¢ | 8.0¢ | 556017 | ||
| Last updated 15.55pm 24/05/2024 ? | |||||
| MAG (ASX) Chart |