Hi robert32.
That's the second time (at least) that you've posted those/similar thoughts.
Wasn't sure the first time what you actually meant and still don't, apart from that you're having a crack at Management and thinking that you know better (Management doesn't actually get any better for where and what we're after (massive Au-Cu porphyry system in the Northern Molong Volcanic Belt).
So, I'll give you my thoughts on what has happened so far:
First MAG DD hole:
- ALK discovers Boda
- Peter Duerden who put the Boda discovery drill plan together (and did 10+ years of work that led to it) sees what MAG has and jumps on (buying on-market + joining as MD)
- MAG's Lady Ilse has all the similarities to Boda, which is enough to drill one "bold" DD hole and go for a potential company-maker
- they drilled it, wasn't a company-maker, learned from it, and it indicated that they're in the proximity to a large Au-Cu porphyry system
First RC/DD drilling campaign:
- systematic drilling approach; drill RC holes and follow through with DD as needed (best bang for buck)
- geophysics were done prior to this campaign, which showed that the south area might have the bigger target/focus should be on the south area
- south area didn't come back with too much interesting mineralisation, although drilling was hampered by once-in-a-blue-moon bad weather which resulted in some holes being abandoned/failing
- they drilled a RC-depth DD hole (DD13) (in place of two RC holes) where they couldn't drill both RC07 and RC08 due to the bad weather (DD13 is the furthest southern hole and likely no mineralisation)
- north area came back with the better RC results (including ore grade intersections)
- they followed up the north area results (best results/area to date) with hole DD14
- now we await results for DD14, which could be a really good hole on its own, or otherwise as a minimum will give them a lot more of an idea of where to put the next hole(s)
Anyway, I'm not sure what you're yelling at/what for, but I'm guessing once they drill a company-maker hole and results come back; you'll be saying: "why didn't they drill there in the first place"!
Don't be a Hindsight Harry and don't ever think that you know anything better than the MAG Management when it comes to doing what they're currently doing - because you don't, and we don't.
I'm very happy with the progress so far, better and more mineralisation, the more drilling they do, and closing in on the source.
For anyone that's not happy, I am not sure why you would hold - if I wasn't, I'd sell and move on - easy decision.
For the rest of us that are happy with the progress/holding and know the small downside here versus the massive upside, on just one good hole; we await and hope that the next hole is the one, if not, then the one after it - and it gets more likely with every hole drilled and when it does come; we know what the reward is.
Cheers,
GB.
