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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 central portion of the state of Sonora, Mexico, approximately 150 kilometers (km) north of the state capital city of Hermosillo. The project covers approximately 47,395 hectares (ha). San Judas is an early-stage exploration property, located 240 km to the northwest of the state’s capital city of Hermosillo and runs along Federal Highway 16, covering a total aggregate area of 2,806 ha. The Mercedes Property consists of two contiguous claims covering an aggregate area of approximately 345 ha located approximately 250 km east-southeast along Federal Highway 16 from the state capital, Hermosillo.


TSXV:MGR.H - Post by User

Magna Gold Corp
Bullboard Posts
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(6)
•••
Post by christoon Mar 18, 2010 12:06pm
712 Views
Post# 16898420

RE:heating up

RE:heating up I think Murgor would have 3.5 million shares of EAG if both property options were exercised...also bonus schedule .for discovery...eg- if murgor can prove up 1 million oz(looks like it'll happen after another year of drilling at these assays),then Murgor would recieve a $2 million bonus payment..

So....cash for properties
         10% exploration costs payments
3.5 mil shares of eag--which could easily go to a buck=$3.5 mil

       $200,000 to $2mil bonus

       NSR royalty....looks like MGR main focus in Manitoba is going for free...let me know if I'm missing something or am incorrect.....IMO this is a screaming buy for PATIENT investors....GLTA
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities