MAG 7.25% 6.4¢ magmatic resources limited

Ann: Peter Duerden Appointed as Managing Director, page-149

  1. 5,708 Posts.
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    ALK Ann out this morning from their drilling next to their Tomingley mine area (which is next to MAG's Parkes project).

    They smashed their own estimates by plenty (mid point/average estimate of 268koz versus actual of 445koz).

    If the rest of their drilling continues along the same trajectory (they're spending $20M) then their 1.2Moz initial resource estimate might be quite a bit larger!

    I am excited about ALK's Tomingley extension drilling/development as right next to MAG's Parkes Project but nowhere near as much as about the Boda results which I think the market is also - Boda results this week?!?!

    Cheers,

    GB.






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    MAG - Parks Fault Zone.jpg
 
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