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3.70% 5.2¢ magmatic resources limited

Ann: High grade copper intersected west of Corvette, page-2

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  1. Antipater_100
    8,175 Posts.
    lightbulb Created with Sketch. 1575
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    06/12/23
    09:12
    Post #: 71293808
    mixed feelings.

    all promising, all warrant follow up drilling but none a breakthrough hole. and this is what I thought will happen.

    In essence these results are a success (how I see them) but because there is no discovery hole, the market will be very harsh.

    CR will be done at very low price. If they have JV offers that are half decent (cash component to be part of the deal) then they should do it.
    Be good if SP does not fall below 5c and be great if it stays above 6c.

    good luck all.
    MAG Price at posting: 6.3¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 9  Upvote
    lightbulb Created with Sketch.  Great analysis
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