MAG 3.13% 6.2¢ magmatic resources limited

Ann: Diamond Drilling to commence at Historic Bodangora goldfield, page-454

  1. 2,997 Posts.
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    Let's not forget what we are looking for here. Sure Pete's gone, he took another high paying job at the next mob, but he hasn't sold a single share in MAG - we would know as he is T20.

    This is the current play and it still looks as good as ever. Let's not forget that 90% of the channel sampling inside the different levels of these old mines found high grade gold. How can they not come back with some good findings?

    https://hotcopper.com.au/data/attachments/4017/4017056-29c476f3c5f7d51fed1698e01fc00870.jpg

    @Lureman how many of the planned 11 red dots have been drilled to this point in time do you think?

    Remember the trenching announcements?
    https://hotcopper.com.au/data/attachments/4017/4017098-1d3ab2c314ac95cc4f4b575034650017.jpg
    And the map showing where the trenching took place... and where they regarded the drilling to be too shallow previously?
    https://hotcopper.com.au/data/attachments/4017/4017085-4fd44d22d1df07bdfc98907e1d619a9a.jpg

    What we don't know is the timeline for the analysis, logging and assays to be back. The drilling was done on at least a few holes before xmas. Who knows what the timelines out of ALS are currently, or whether they have even been delivered there yet?

    Is this a massive opportunity to grab some cheapies or are we 6 months off getting anything back? Good game for the patient. Should still pay to wait or accumulate i suspect.
 
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