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

MagIndustries Corp

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Post by stocktaon Sep 28, 2009 11:04pm

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Post# 16345824

Compare to API Market Cap...

Market cap of API is about 250M now and they are not even close to a mine but only estimate they have 2mt/year of production for 40 years or 80M tonnes in total.

MAA has 1.2B tonnes of production ahead and very close to building the mine and producing. That is 15 times the reserves as API. Therefore 15 times the market cap of API's market cap today would be about $3.75B (15 x 250M). Given todays 400M shares o/s and another 400M for the Chinese that would be 800M shares o/s in total or about $4.70/share Canadian. Add in the approximate .80 value per share for other parts of the company and you get about $5.50 /share if MAA were getting the same valuation as API. About a 10 bagger from here.

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