MagIndustries Corp MAAFF

Valuation

[dutchie2]

Already spent on project(infustrucure)- 170 million
Wood chipping facility- 5-8 million?
In the bank- 15 million or so?
Receivables- 400 thousand a month for 60 months
Last but not least, almost 2 billion of inferred resource at a fire sale of $5.00/tonne. Yes i said a wopping 5 bucks= 10 billion.

so roughly  10.2 billion in asset. divided by the 400 million outstanding gives us a wopping 25.50/share. Give me 10% and run, leaves me 2.55/share and go home.

Seems like some reasonable bids today.

MAGINDUSTRIES CORP.

Last Sale		Net Change		Daily Volume		Time		Date:
0.360		0.035 (10.77%)		1,295,803		15:08		11/01/2010

Detailed Quote

Alpha Top Five

Open

0.330

High

0.370

Low

0.330

Don' let them sreal them boys.
That is what they are after.

CHIP OFF THE OLD BLOCK!!!!!!!!!!!!

Bid Size	Bid Price
40,000	0.355
103,000	0.350
35,000	0.345
71,500	0.340
16,000	0.335

Ask Price	Ask Size
0.360	85,500
0.365	51,000
0.370	116,000
0.375	34,000
0.380	47,000