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3.13% 6.2¢ magmatic resources limited

I am personally expecting $MAG to break higher and form a new...

  1. wolfofbridgest
    3,178 Posts.
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    05/07/21
    15:30
    Post #: 54291124
    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
    Likes Created with Sketch. 22  Upvote
    lightbulb Created with Sketch. 5  Great analysis
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6.2¢ 		Change
-0.002(3.13%) 		Mkt cap ! $25.85M
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