MAG 4.55% 10.5¢ magmatic resources limited

Ann: Drilling Commencing at Wellington North Gold-Copper Targets, page-140

  1. 7,412 Posts.
    lightbulb Created with Sketch. 1405
    I prefer to buy them back at ~10c but does not look it will happen so already bought few at 13.5c this morning.

    As I said earlier MAG has really good ground and it is very possible to make a discovery but I am now very weary of the management. I just don't like sneaky announcements.

    Rose Hill will need more holes to provide enough data if it's worth exploring and so does Lady Ilse. What I really like is they are going to test RC10 at depth. They aren't really drilling behind RC10 but the new hole will pass below it. My preference would have been to drill a hole 100m behind RC10.


    this is my own opinion and does not have to be right but it could be.
 
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