"I would prefer they move into gold, something that Brett would be very familiar with"
Hi Conan77,
Some of MGX's exploration tenaments are in the Goldfields Region of WA, such as at Bailey's Find.
There is also active gold exploration near our tenaments near Tallering Peak and Butcher,s Track (near Mullewa) which MGX have been exploration drilling now for quite some years (but have never released a single assay result). However in a recent announcement MGX stated they have ceased drilling and are now analyzing the results with a view to a project. MGX have never stated what all the exploration drilling has been for, be it gold or magnetithe previous owners of Tallering Peak mine stated a large resource of some 44 mt of magnetite). However, about 2 years ago, MGX "precious metals" was added to MGX's list of interests.
With the soaring price of gold and Brett's experience in the field, it could be a nice shift from IO.
MGX Price at posting:
31.0¢ Sentiment: None Disclosure: Held
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