MAG

0.00%

7.8¢ magmatic resources limited

MAG (Summary) - On The Cusp of a Major Discovery, page-1224

First 1224 Last

Share
Profile

Follow
Green Bull

5,707 Posts.

8045

28/08/20

15:04

Post #: 46901513
Share

Originally posted by Bails27 ↑

Are you a nutcase or what?

The RC drills for Lady Ilse only go down 300m each. The mineralisation goes down 1000m+. The main mineralised zone was (off the top of my head) 450m onwards. They have put RC down to locate the main mineralised zone and then diamond drill the bottom of the RC holes where the vectors tell them to go through assays and down hole data analysis.

This is the normal path to porphyry zones with huge gold - same as ALK (who put $240 mill onto their market cap when they found a 500m zone next door).

If they do not hit huge gold, its because they haven't yet drilled the main mineralisation. However, it is possible they will still get good assay results, just from these shallower holes. DO YOU UNDERSTAND LADY ISLE NOW?

North Boda is more of an unknown as they haven't drilled it before. There might be a bonanza, there might be traces that come back. Either way, the results will tell them where to go drilling for round 2 where they might do more RC first or they might be confident they are going to hit it and stick some diamond drills down there instead.

In the pending assays, due any minute, they might announce their first resource and a further drilling campaign to see how deep and wide it goes. If the 20 holes drilled come back with nothing, then yes, you might get some shares a bit cheaper than they are now.

20 holes, are you in or are you out?

Expand

"Are you a nutcase or what?"

Does this answer your question:

ALK came out with one of its best results (better than their discovery hole):

His reply was:

Haha!

GB.

edit: just ignore him and his useless one-line backhanders - not worth wasting time on - contributes nothing to the discussion/stock.

Last edited by Green Bull: 28/08/20

MAG Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
8 Upvote

3 Great analysis

Reply

Top Stories

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

BHP

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

SKS

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Bitcoin investors need to know the risks

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

IMM

Immutep reports strong response rate from immunotherapies treating carcinomas

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

ASX hits all time high out the gate on Friday trades following bullish US inflation data

There are more pages in this discussion • 336 more messages in this thread...

First 1224 Last

Add MAG (ASX) to my watchlist

(20min delay)
Last 7.8¢		Change 0.000(0.00%)		Mkt cap ! $32.52M

Open	High	Low	Value	Volume
8.0¢	8.0¢	7.3¢	$17.04K	222.1K

Buyers (Bids)

No.	Vol.	Price($)
1	20081	7.6¢

Sellers (Offers)

Price($)	Vol.	No.
7.8¢	6999	1

View Market Depth

No.	Vol.	Price($)
1	20081	0.076
1	10000	0.075
1	13527	0.074
1	20000	0.073
2	22808	0.071

Price($)	Vol.	No.
0.078	6999	1
0.079	8066	1
0.084	35000	1
0.085	159000	1
0.088	59000	1

Last trade - 16.10pm 12/07/2024 (20 minute delay)

MAG (ASX) Chart

MAG (Summary) - On The Cusp of a Major Discovery, page-1224

Nimy to raise $1.21M to explore 'newsy' WA targets

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Bitcoin investors need to know the risks

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Immutep reports strong response rate from immunotherapies treating carcinomas

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

MAG (Summary) - On The Cusp of a Major Discovery, page-1224

Top Stories

Nimy to raise $1.21M to explore 'newsy' WA targets

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Bitcoin investors need to know the risks

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Immutep reports strong response rate from immunotherapies treating carcinomas

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News