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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
Post by stocktaon Sep 22, 2009 11:39pm
260 Views
Post# 16330012

Interesting next few days indeed.....

Interesting next few days indeed.....    If there ever was such a thing as free money, in my opinion this is as close to it as it gets.  Non-potash parts of company have a .75 USD NAV per share.  If you can put this away for a year or two you are in for a very nice return.  Of course I think we will be 1.50 plus by year end but next year by year end I would suspect us to be in the $3 range as production is close at hand.  That is a five bagger in about 18 months.  I have seen ten baggers in less time but tey were more riskier.  This one has very limited downside in my view.
Bullboard Posts