... all things considered. lot of dilution but I doubt they had...

... all things considered.

lot of dilution but I doubt they had other choices.

I think they should test the ground south of ALK's TGO - around Parks as it seems they can explore without the need to drill deep. I think they can get away with around 150m - 500m deep holes where 500m holes will only be drilled every now and then (about 2 per year) while most holes will be around 350m length.
If they can discover similar deposit to ALK's Roswell MAG will be in really good position to sell it to ALK and rise real money to explore around ALK's Boda and even buy more ground - enough money to explore for at least 5 years without need to rise funds. And to do very serious exploring with deep holes and magnetics and whatever they need.