Well this guy must know a thing or two?Magmatic Resources...

Well this guy must know a thing or two?

Magmatic Resources Limited (MAG) is pleased to announce the appointment of New South Wales Porphyry Gold-Copper specialist Mr Peter Duerden as Managing Director effective from 3rd February 2020.

Peter Duerden Biography
"Peter Duerden has over 20 years’ experience in mineral exploration and resource development in gold and base metals, with particular expertise in East Lachlan mineral systems. Peter was Managing Director of Sky Metals Ltd prior to joining Magmatic and has held senior exploration management positions with Newcrest Mining and Alkane Resources. Peter was in charge of Alkane Resources’ North Molong Belt Alkalic Porphyry Gold-Copper exploration for 10 years and contributed significantly to the recent Boda porphyry gold-copper discovery. Peter holds a Masters of Economic Geology and is a Registered Professional Geoscientist (RPGeo) and member of the AIG."

Not only is he becoming the managing director of MAG, but has been buying shares on market in MAG. He must know a thing or two. Interesting he also bought a stack of options due to expire in May 2020 with a .30c strike in MAG. If anyone knows about nearology, Peter Duerden does!

I hope ALK hits the motherlode at Boda for all shareholders, all the best.