Bullboard - Stock Discussion Forum Magna Gold Corp V.MGR.H

Metals & Mining Industrial Metals & Minerals

Magna Gold Corp. is a Canada-based gold and silver production company. It is engaged in acquiring, exploring, developing and operating precious metal properties in Mexico. It is advancing its 100% owned flagship San Francisco Mine, its Margarita Silver Project and other highly prospective mineral properties located in Sonora and in Chihuahua. The San Francisco mine is situated in the north... see more

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TSXV:MGR.H - Post Discussion

Magna Gold Corp > Fair value above $3 per share

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Post by nozzpack on Apr 13, 2021 11:53am

Fair value above $3 per share

Forecast 2021 production is 66,000 ounces and AISC of $1257 US per ounce.

@ $1750 POG , cash flows in 2021 will be $33 million US which is $41 m in CAD or $0.43 per share.

Current Price to Cash flow multuiple for small cap junior gols is 8.1 times ( see link below ).

Fair value is therefore $3.50 per share.

Very nice balance sheet and several advanced properties that may offfer early additional production.

and rock solid management team.

All in one bright basket.

https://www.kitco.com/commentaries/2020-12-15/-Metals-Mining-analysts-ratings-estimates-senior.html

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