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.
MGX Price at posting:
50.0¢ Sentiment: Hold Disclosure: Held
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