MAG

0.00%

6.9¢ magmatic resources limited

Ann: Corvette Drilling and Metallurgy Update, page-229

First 229 Last

Share
Profile

Follow
ChinaDragon

3,781 Posts.

480

06/07/23

14:54

Post #: 68656363
Share

Originally posted by Antipater_100: ↑

agree he is a good Geo.

People need to understand good Geo does not mean Magician. He is guided by what he sees from veins, geophysics, petrography etc.. and he is drilling.

Geos develop hypothesis and then test it if true. Good Goes adapt to new findings and some stick until they turn blue in the face.

Adam is not sticking with the same when he sees a need to test different orientation or take different approach. Also, it appears he is willing to move on if results are not coming back as good as they used to be.

He can't change what's in the ground. But he can change strategy as long as the ground is prospective. And that has already been confirmed.
All this mineralisation came from somewhere. But finding the high grade areas and the causative intrusives is not easy. Look at ALK, they only found their first almost 100 holes later. Yes, they should have and could have done it earlier but that's another story - and even then, it would still have taken lot more than handful of holes.
In short Geos also need luck. Lot of luck to strike it with only few holes.

People should analyse if the ground has a chanse to produce porphyry or not. Then if they have the right Geo for the job.
And then to assess what happens with the SP if certain results come poor.

I did not sell because I don't believe Myall will not produce the results but I sold as I am starting to think it may take lot longer to get there. Therefore, I think I can buy at lower price later on.
That means I still support Adam and have faith in the tenements.

Expand

Nothing controversial here.

MAG Price at posting: 9.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

IMR

Imricor raises $35M to pursue growth and expansion into Australia and NZ

LKE

Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

Wealth Within considers potential takeover targets in Australia's booming infrastructure industry

GNX

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

Warren Tredrea’s weekly sports business wrap: the latest on business in sport

FG1

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

AI stocks: What to expect in 2024-25

Talking Australia's very competitive property landscape: Realty Talks

MCT

Metalicity looking for offers on Admiral Bay zinc project

Week 29 Wrap: Trump in spotlight again; China's Third Plenum a yawnfest; RBA's August move a mystery

There are more pages in this discussion • 14 more messages in this thread...

First 229 Last

Add MAG (ASX) to my watchlist

(20min delay)
Last 6.9¢		Change 0.000(0.00%)		Mkt cap ! $28.77M

Open	High	Low	Value	Volume
6.9¢	7.2¢	6.6¢	$10.34K	150.4K

Buyers (Bids)

No.	Vol.	Price($)
2	48446	6.5¢

Sellers (Offers)

Price($)	Vol.	No.
6.9¢	425	1

View Market Depth

No.	Vol.	Price($)
2	48446	0.065
1	45000	0.064
1	97101	0.063
1	12615	0.062
2	54959	0.060

Price($)	Vol.	No.
0.069	425	1
0.073	100000	1
0.080	5000	1
0.084	35000	1
0.085	159000	1

Last trade - 16.10pm 19/07/2024 (20 minute delay)

MAG (ASX) Chart

Ann: Corvette Drilling and Metallurgy Update, page-229

Imricor raises $35M to pursue growth and expansion into Australia and NZ

Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

Wealth Within considers potential takeover targets in Australia's booming infrastructure industry

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

Warren Tredrea’s weekly sports business wrap: the latest on business in sport

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

AI stocks: What to expect in 2024-25

Talking Australia's very competitive property landscape: Realty Talks

Metalicity looking for offers on Admiral Bay zinc project

Week 29 Wrap: Trump in spotlight again; China's Third Plenum a yawnfest; RBA's August move a mystery

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Corvette Drilling and Metallurgy Update, page-229

Top Stories

Imricor raises $35M to pursue growth and expansion into Australia and NZ

Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

Wealth Within considers potential takeover targets in Australia's booming infrastructure industry

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

Warren Tredrea’s weekly sports business wrap: the latest on business in sport

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

AI stocks: What to expect in 2024-25

Talking Australia's very competitive property landscape: Realty Talks

Metalicity looking for offers on Admiral Bay zinc project

Week 29 Wrap: Trump in spotlight again; China's Third Plenum a yawnfest; RBA's August move a mystery

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News