The purpose of this drilling program was to define the boundaries of the resource. It was never intended to provide a definitive answer about its size. Now that the company has ruled out the middle section of the ore body they can concentrate on defining the two platinum deposits that do exist. The biggest mistake that magma made was announcing each hole as it came to light. They should have done say all 5 holes of the first stage dilling program and announced that and then completed the second "defining" stage of drilling and announced those hole. Drilling on these kinds of deposits is not as easy as one may think and i think the management of MMB should be given a little bit more credit. By the way Kim Robinson isn't even a director of MMB he is the non-executive chairman of Metex who owns 17% of magma.
MMB Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held