MAG magmatic resources limited

Ann: MAG to re-focus on East Lachlan Assets, page-25

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    MAG advised the market this morning that Japan Oils and Gas Metals National Corporation (JOGMEC) has pulled out of the Parkes copper and gold joint venture after spending $2.7 million on advancing the asset over the past three years.

    why would they pull out after spending that much cash

    interesting to see how this plays out
 
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