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Magnetic North Acquisition Corp V.MNC

Alternate Symbol(s):  V.MNC.PR.A | BKBLF

Magnetic North Acquisition Corp. is a Canada-based investment and merchant banking company. The Company is focused on providing financial advice and services to companies in the clean power technology, oilfield services, consumer products, and technology (software and hardware) sectors. The Company invests and manages businesses on behalf of its shareholders.


TSXV:MNC - Post by User

Comment by pcnisbeton Oct 21, 2000 8:48pm
128 Views
Post# 2690158

RE: Not so handy with a drill..

RE: Not so handy with a drill..Mr. Man, They have to look at the product line first. Regardless of the spare goodies like flint silica sands and mica, kaolin is what this deposit is all about. So BBShas focused on getting that done first. They are proving up more tons right now, largely because you guys need to guard against a cheap buyout. If not, they would more logically be doing their market studies, bulking materials to end users and having the by-products tested for applications. The nearness of production dictates that those studies be completed, but the nearness of a potential buyout says they need to make sure a fair price is paid when the big boys come for the hill. Thats why you do not have by-product stuff out yet and why the market study is not availible. You have to face that if this was developed under other conditions, they would be being done now. But these are not normal conditions and kaolin is the bread and butter of this hill, so proving more kaolin resources has to take presidence over normal development. Otherwise, if a buyout comes quickly, you will not recieve full value for what you own, a penny on the dollar for the potential of the hill. One more good example of healthy management at BBS.
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