MAG are getting some interesting results, but grades don’t appear to be there yet (I am no expert at all, so I’d take my comments with a grain of salt).
The big problem for MAG is those holes are very expensive, and they are not earning an income like ALK, so burning cash at a high rate. I believe Alk used to hold some of mags tenements, but sold them on, so read onto that what you may.
Alk to me is the far better bet at this stage, as they have Tomingley and producing a good cashflow which is paying for exploration.
MAG are getting some interesting results, but grades don’t...
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Last
55.0¢ |
Change
0.020(3.77%) |
Mkt cap ! $331.9M | |||
| Open | High | Low | Value | Volume |
| 53.5¢ | 55.5¢ | 53.5¢ | $668.4K | 1.220M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 100906 | 55.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 55.5¢ | 117919 | 5 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| ALK (ASX) Chart |