MMB 0.00% 65.0¢ magma metals limited

If Hole 6 gets a good hit and some subsequent holes also have...

  1. 308 Posts.
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    If Hole 6 gets a good hit and some subsequent holes also have good sulphides and grades then I believe we will get some good appreciation in the SP.

    As T4P has said it is obviously more complex than first thought but that does not mean that eventually with sufficient holes (not a first pass spattering along 1.5 km's of strike) a excellent high value resource MAY be found.

    An analogy is Black Swan / Silver Swan in WA. It took literally years to find the higher grade massive sulphides hiding 500m from a much bigger but lower grade deposit. These high grade shoots have a small footprint that coarse geophysics cannot generally see. You need to drill.

    There is a risk that nothing will come of it but from an speculative exploration viewpoint it is still an excellent play
 
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