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MagIndustries Corp MAAFF

MagIndustries Corp is engaged in development and exploration of potash salt deposits. The company has two business units: MagMinerals and MagForestry. It is primarily engaged in the financing, developing and placing into production or operation of the projects such as potash plant, a potash exploration and eucalyptus plantation and chip mill. Geographically all the operations are functioned through the region of Canada.


GREY:MAAFF - Post by User

Bullboard Posts
Comment by moneymotivatoron Apr 27, 2009 11:36pm
415 Views
Post# 15948698

RE: RE: RE: Development Satge Companies

RE: RE: RE: Development Satge Companieshow bout Phoscan Chemical Corp it is also a fertilizer company which hold 100% interest in the development of its Martison Phosphate Project. This is pure phosphate play and the only one of its kind on the tsx. I would say they are more long term focused than MAG as they have been deferring several task relating to the construction of the mine which was previously planned to start production in 2012. I would say it is safe bet seeing as the stock is trading at a discount to money in the bank with NO DEBT. Maybe check out Arise Technologies if you got the balls for technology or mercator minerials for signifigant upside potential in copper/moly.
Bullboard Posts