Ann: Drilling Upgrades Boda-Style Gold-Copper Targets (updated), page-8

For those comparing MAG to ALK and the potential market cap for MAG upon confirmation of a big discovery;

- ALK is one of the most shorted stocks on the ASX

- right there alongside Webjet, Flight Centre, A2 Milk (yes, lol)

- ALK is super cheap in its own right

- ALK should be at least double the current market cap (imo)

- I'd give two thirds of that doubled market cap to Boda

- 6.3% of ALK stock is short which means that big boys are shorting/accumulating it (but let's not get into those theories)


As we've discussed many times before;

- MAG will have a $250M market cap increase ($1.15 in share price increase) on confirmation of a big discovery (just like ALK & SVY added $250M on their discoveries)

- from there it's up to further MAG results


Cheers,

GB.



ASX shorted stocks listing (https://www.shortman.com.au/):