Ann: Lady Ilse Gold-Copper Porphyry target grows significantly, page-40

Hi JC (and Jack!),

The recent run in ALK and especially in MAG should tell you something in relation to MAG's grounds.

The Team that MAG have assembled should also tell you that same something.


As I've said before:

ALK will prove up Boda and it will be worth billions of dollars to ALK.

If MAG proves up Lady Ilse and it is bigger than Boda as all indicators are pointing to, then obviously it will be worth even more than Boda's Billions.


Here is where all (6) of the Bodas are (Molong Belt, in between the two faults, and on Western edge of Alkalic intrusives):








MAG also has other similar projects which have better results than Newcrest's $15+ Billion Cadia and SVY's recent discovery (added $250M MC on discovery) had before their big discovery holes.


In terms of AQX, as I've said a lot of times before; I would like it (and all others) to go up with MAG but AQX (apart from being close to Boda like MAG) doesn't have ANYTHING - not one drill result or mineralisation.

That might change, but they might also need to spend $18M on exploration (like MAG & Goldfields have) and including Admin and Overheads, that figure would probably be more like $35M-$40M.

And would be assuming that they have equivalent quality geology/grounds, which they don't.

Anyway, no point comparing AQX to MAG/ALK, but I wish them luck and hopefully they hit something and can then build on it.


Cheers,

GB.