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8.3¢ magmatic resources limited

I'll speculate there is at least one above average hole and...

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Seth Davis

8,090 Posts.

2569

30/11/23

15:02

Post #: 71196900
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Originally posted by Antipater_100: ↑

I certainly agree about the lipstick on a pig example when he pulled that meaningless MRE. At least that's my view. I did not like it.

But I can't blame him if the initial holes don't hit high grade zones or find causative intrusion. These are very early stage exploration holes and in the porphyry exploration to hit the target with one of them is same as winning Powerball.
Yes, can happen but for every one example you bring where the explorer hit the target with the first hole, I'll give 50 where they did not.
Looking where he is drilling makes sense and now it is up to the ground and lot of luck.

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I'll speculate there is at least one above average hole and that's the one we're waiting on, also, SP move on the 14th November likely not coincidence.

MAG Price at posting: 7.0¢ Sentiment: Buy Disclosure: Held
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Last 8.3¢		Change -0.002(2.35%)		Mkt cap ! $31.67M

Open	High	Low	Value	Volume
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No.	Vol.	Price($)
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Price($)	Vol.	No.
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2	60000	0.075

Price($)	Vol.	No.
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0.110	652360	10

Last trade - 15.49pm 27/05/2024 (20 minute delay)


Last 8.3¢			Change -0.002 ( 2.72 %)
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