MAG 0.00% 6.2¢ magmatic resources limited

Ann: 110Mt Mineral Resource Estimate for Corvette and Kingswood, page-126

  1. 7,934 Posts.
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    I don't. Where did I say to anyone I told you so in a way to mock them? If you or anyone else reads my posts I clearly say I still think MAG has a chance to make a discovery at Myall.
    Some people can't comprehend what few of us here are discussing and start to pick fights. I even tried to explain once in the past:
    we discuss 2 subjects:
    1. Prospectivity of the ground.
    2. SP movement in short and med-long run and what impacts that movement.

    Where the issues start is some keep getting confused and when some of us explain why SP may fall, they interpret it as if we say the ground us sterile and accuse us of being pessimist.
    Exploring is tough business and not always everything plays out after 5 holes. Sometimes it takes over 50 holes and sometimes it never plays out.

    Give me an example where I was being pessimist on MAG. I still claim they have a chance.

    But you are getting caught in the same trap like few others here who don't bother to read and try to understand what some of us are discussing. Again, predicting SP will fall in short term does not mean Myall is lost. But when assay results start coming poor investors react - to adjust for risks.
    And that's what just played out. And some of us called it right.

    MAG will start drilling again and the re-evaluation starts again with it. If they hit the honey SP explodes higher and if they produce more lemons SP will fall further. How hard is it to understand this simple concept and how is this making people like me pessimists.

 
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