I wouldn't say that the Myall project is MAG's Crown Jewels, but more likely FMG's Crown Jewels in that area as its the most prospective ground there and MAG had that ground way before FMG came in and pegged all the not-as-prospective ground around Myall.
MAG's Parkes project is next to ALK Tomingley mine/area and already has shallow gold hits similar to what Tomingley had at the same stage.
MAG's Wellington North project surrounds ALK's Boda deposits and has a number of historical shallow gold mines, as well as the Boda-style gold-copper porphyry potential (as opposed to Myall's copper-gold potential).
Hopefully they either go super hard at one of the projects or not so hard at 2 or at all 3.
I would prefer super hard at one project, especially at the one where FMG is paying all the bills at.
Cheers,
GB.
Ann: Fortescue to farm-in on Myall & make cornerstone investment, page-43
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