RE:RE:Stupid move by MAG mgmtGreat Acquisition!
1. Safe Jurisdiction.
2. Quickly defined 1.5 million ounce resource. The way the various deposits connect a large drill program will make this 3 plus million ounces within 1 year of close.
3. Potential High Grade Pit based on near surface drill results like : 170 meters 1.5 gpt from surface. These days that is very high for low strip ratio pit.
4. Almost 1/2 their resource is underground averaging greater than 5.5 gpt open in all direction below multiple pits. Drill results include from 9 to 39 gpt with multi meter widths.
5. It a appears these are multiple deposits which form one potentially large system.
The potential for Mag is there and for one frikin cheap price.
I really think this was a smart move by management!