MAG 2.08% 4.7¢ magmatic resources limited

Ann: Response to ASX Price Query, page-17

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  1. 2,334 Posts.
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    "possible. Only ALK can be potential TO bidder in this early stage due to what you just said. If the Korridor heads south/west instead of north/west.. Or because MAG ground is so close there is a good chance the high grade "core" (the area right around the core) could be on MAG's ground"

    A guess. I don't reckon the core is on MAG ground at Bodangora.
    Haven't done a measure on it but I have Boda about 6 KM's from Bligh Street, Bodangora and the field is too far away from the ALK Boda Tier 1 site?
    Having said that, there are two possible fairly shallow open cut operations prospects at Bodangora where MAG have been drilling could well be auxilliary fields for ALK if they did acquire the MAG ground?
 
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5.5¢ 124706 1
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