MAG 1.69% 6.0¢ magmatic resources limited

Ann: Broad gold zones expand Lady Ilse Target, page-83

  1. 837 Posts.
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    Everybody new the short-term risk to reward of this play, if you couldn't handle it, you should never have owned it. Buying on emotion with eyes for riches, then whining and finger pointing when expectations arn't met, is a sign of a novice "investor" who hasn't developed their market principles. Do not blame anyone for your decisions, especially GB who is one of the best information integrators on Hot Copper. Evading your own volition leaves you epistemologically bankrupt.

    In terms of MAG being a 'lifestyle' company, that depends on your expectations. If you expect a 5 man squad to explore like a Major or Mid-Tier then of course you'll be disappointed. Off the top of my head MAG has tested Rose Hill, Lady Isle (twice), several targets at Kingswood, Boda North, Boda South (RC), modelling of Bodangora Goldfield, divestment of Morefield into AGC, etc. They did this with some of the lowest cash-burn I've seen. It may have been a bit slow at times however in comparison to MANY companies they have been working fairly solid.

    I literally have to wait 6-8 months for ONE drill season for some of my explorers (for reasons varying from permitting, to weather, to outright incompetence). Some FACTS to the contrary will be welcome!
 
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