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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
Comment by zeekayon Mar 17, 2011 1:29am
236 Views
Post# 18297185

Investing - Exploration Q

Investing - Exploration QInvesting, 

I only talked with Knut once, and that was the week of Valentine's, either the 16th or 17th.  It was not a direct question, but he did seem excited to discuss the 1.7 billion inferred, as well as technical work, including an additional report that will be released soon.  His words (paraphrasing) was that additional work is happening on the recently acquired properties and that the exploration permits were "in play".  He did say there was no recent drilling or immediate plans for a drill program.

Sorry I can't be a whole lot of help.  It was not something that was pressing, based on my questions and concerns.  In hindsight, maybe it should have.  Not knowing much about the rest of the company, I was/still am, mostly concerned about the Mengo project and what it would bring in an asset sale.

Until Knut/Richard Pratt respond to my recent email (which was forwarded to Rich Morrow), I don't have a lot more to add.....

Bullboard Posts