Hi rkb,
I don't have a problem with exploration as this can ultimately lead to production if something of worth is found.
There has always been quite a large deposit of Magnetite on the north side of Tallering however MGX were never interested in it as they are Hematite miners.
There was a huge deposit of high grade ore on the south east side of Tallering which BSE had but I have never heard any more about it, so maybe they could be looking at something there.
I just don't understand why you would close Tallering then go looking for more ore 5 years later.
If they find what they are looking for (what ever that is) it will be a huge expense to re-establish a mine site.
Just my thoughts.
Tallering
Add MGX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
43.5¢ |
Change
0.005(1.16%) |
Mkt cap ! $528.4M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 44.5¢ | 42.8¢ | $959.2K | 2.205M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 4985 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 192573 | 3 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |