the ground is not the issue. It was the management.One can have...

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Antipater_100

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11/05/22

23:53

Post #: 61354168
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Originally posted by Green Bull: ↑

MAG has and has always had the best grounds out of any of the explorers in the area (surrounds the Boda discovery at Wellington, FMG recently-ish surrounded MAG's Myall project (along with Sandfire, where MAG's Kingswood is), and MAG's Parkes project is surrounded by Majors and immediately south of ALK's Tomingley mining area/extension).

All of MAG's projects already have recent/historic drill results that are equal to neighbouring mine resource grades, or grades equivalent to the big discoveries at the same stage of exploration.

All the historic datasets are there too - so they're not exactly drilling blind holes but have plenty of data to guide them and hopefully can make a discovery in the near future (from the current/next campaign we all hope of course ).

We have all lost profits and/or are in a loss from investing in MAG but that doesn't change that MAG has the best grounds/potential, and is now the cheapest it's been since the Boda discovery - due to a slow-progress former MD and currently/recently (like all juniors) due to the overall markets pooping themselves. But as we've seen many times, when MAG starts to move up, it does so pretty quickly.

See how we go with Adam as MD - I'm pretty happy so far (currently drilling and then undertaking the biggest DD campaign at Kingswood after that).

I'm guessing that the Board has learnt that getting the best bang for buck (which Pete was really good at) isn't better than aggressive drilling campaigns at their drill-ready targets, which will yield a discovery a lot sooner, if they get a bit of luck with the drill bit.

Adam has made a number of discoveries in the area and is a lot more aggressive with exploration.

Let's just hope that the overall market stabilises (or even goes up) so we don't have to stress about that, and MAG can do its thing and hopefully make a discovery (my preference is at Kingswood).

Cheers,

GB.

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the ground is not the issue. It was the management.
One can have the best ground but if they don't drill it..

MAG Price at posting: 6.8¢ Sentiment: Hold Disclosure: Held
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