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5.36% 5.9¢ magmatic resources limited

Ann: Trading Halt, page-79

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  1. Green Bull
    5,745 Posts.
    lightbulb Created with Sketch. 8212
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    13/02/20
    10:55
    Post #: 42906550
    Grade (0.46 g/t Au) is higher than Cadia's resource grade (0.37 g/t Au).

    ALK depth is from 400m, Cadia goes down to depths of 2km.


    Cadia in FY19:

    Produced 913koz gold

    AISC was $132.


    Cadia is the biggest/most profitable gold mine in Australia.


    Cheers,

    GB.


    ps. MAG has a bigger Boda to prove up shortly!!!



    cadia.jpg
    MAG Price at posting: 37.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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