TSXV:MGR.H - Post by User
Comment by
checkmate28on Oct 15, 2021 11:32am
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Post# 34009923
RE:RE:Magna is too cheap to ignore!
RE:RE:Magna is too cheap to ignore!RHertig I recently picked up on the story as well. Facinating story. Basically an unknown 70k OZ producer at a $70 MC internally projecting to produce positive cash flow Q1 22 Arturos intimate history with San Francisco, how he moved it forward, rehiring the old team is just as facinating.
Their getting it done with reducing the strip ratio and rising the production numbers.
Im suprised since the San Francisco mine was let go by Argonaut. Further thinking, Argonaut probably divested SF so they could more focus on Magino. If this turns out well, MGR got a smoking deal for less then $10m in value.
Not in yet but DD ing and liking what I see.