MAG 2.06% 9.5¢ magmatic resources limited

Hopefully a nice Monday morning announcement/update. ~$4M cash...

  1. 5,678 Posts.
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    Hopefully a nice Monday morning announcement/update.

    ~$4M cash is in the bank.

    $14M spending on Myall to start any time.

    Everything should be ready to go and just need to announce rig booked (unless booked and waiting for some/any confirmation for anything/anyone) and when drilling commencing, etc.

    There's no reason for them to be slow as they have a lot of funding now.

    They did go pretty hard when they had cash with all those deep holes, and only slowed down when cash started running out.

    I think they'll go hard at Myall and FMG will spend more than the minimum $1.5M per year.

    Copper price also breaking out.

    Gold price around all-time highs.

    $80B Major onboard and finally got their crown jewel grounds (Myall).

    MAG have plenty of hits already and a starter resource.

    Adam has the system figured out.

    MAG has actually never looked better?

    Cheers,

    GB.
 
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