EDIT: I'm leaving my original review to show what happens if you scroll through something too quickly. So the device works as advertised and I have nothing to add that hasn't been covered by everyone else. What happened to me is that the magnet on the bottom picked up a small metal bracket from my workbench and held it in one of the drill guides. When trying to drill the drill broke. So yes it works great but be careful not to catch anything with the magnet. Seemed like a good buy until the third time I used it. There is some kind of metal bracket at the bottom, which somehow got into the hole of the device. I drilled one hole with no problem, put the drill in the other hole and tried to drill. Around the time I realized something was wrong, I felt a powerful INFLUENCE! and the tip of the teeth broke. I have no idea what that clip was for as it and the attachment were ruined along with the bridle. So the whole setup is lazy.
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