Magma is more of an exploration play than a production play. So today's platinum price or next year platinum price is irrelevent. They are years away from producing anything...And at what cost? We don't know.
Burning $1,000,000 a month on exploration... That's a lot of mullah...
Very soon we should hear about results from drilling so far in their summer drilling activities.
Insider are still busy buying. Anglo Pacific is accumulating on a regular basis.
Magma is a Cinderella story... We are five minutes away to midnight. After that time if the shoe doesn't fit, well the carriage turns into a pumpink...
MMW Price at posting:
22.5¢ Sentiment: Hold Disclosure: Held
