MAG magmatic resources limited

I also hold ALK, plus ERM, IPT, AQX and of course MAG. A few of...

  1. 2,334 Posts.
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    I also hold ALK, plus ERM, IPT, AQX and of course MAG. A few of them on nearology when I thought ALK were going to hit the core. Which has proved to be elusive but that does not mean it is not there. As I posted last week a lot of the rich veins at Bodangora on the old field are 1 to 1.2 metres in width in quartz veins. As Nicolal explained to my question that would make them hard to hit. The same must go for the "core" the drillers virtually have to hit the jackpot. It has taken time and it WILL continue to take time.
    I still have confidence but an increase in the gold price would be handy and also imminent I think as we could be headed for the greatest financial crash since the Great Depression. I am not ruling that out, there are a lot of pointers going in that direction. Continued unprecedented worldwide government borrowing is akin to a Trophy wife with an ego the size of Mt Arthur with a swag of credit cards. At some point the spending HAS to stop, it cannot just continue on into financial oblivion.
    Gold has to be the benefactor as Bitcoin and all these other d*ckh*@d cryptocurrencies are donkey investments. Do very little but have one hellava kick. They have no substance - not unlike the air-heads buying them. What goes up must come down......
    Interesting 12 months coming up on many fronts.
    AQX announced more exploration at Horn island and I am hoping they will recover soon with a "lagging" SP as they are on a shallow rich historical deposit there and if gold goes beresk they could easily kick off and extract?
    The same may also be said about MAG in a month or two, if they hit one of those ultra rich narrow veins down the hill drilling next month they also might be able to tool up very quickly and cash in on a possible booming gold price. Up $143 US in 30 days is nothing to be scoffed at and does somebody know something we don't - YET?

 
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Last
5.1¢
Change
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Mkt cap ! $22.55M
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5.1¢ 230000 1
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Last trade - 09.59am 30/07/2025 (20 minute delay) ?
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