I am personally expecting $MAG to break higher and form a new base around 15c. If not today, then in the next few days.
There's no real reason for it to continue to trade below 15c IMO given its:
- future works program with multiple rigs at multiple targets - cash in bank - once in a generation structural bull market for copper - nearology with ALK's boda & NCM's cadia etc - small float/market capitalisation - tops management team & LT/supportive major shareholders
MAG Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
