GREY:MGXMF - Post by User
Post by
allenjameson Jan 24, 2021 4:20am
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Post# 32370079
Why is MGX M stock on the way up ?
Why is MGX M stock on the way up ?At this point the stock of Zinc8 held by MGX M and the 5 million loan are worth more than the capitalization of MGX M. When a investors buys MGX M they get full value in Zinc8 shares and all the rest of the assets of MGX M for free.
Just what are the other assets worth? Well driftwood is a world class MGO project !!!!!!!!!!!!!!!! Driftwood has been fully drilled out and is ready for over burden to be removed and mining commenced. MGX M has been looking for a JV, with a large successfull miner and we have such in Baymag who has a mine ready for end of life shut down just about 30 miles (50K) away. Baymag has been recently purchased by a large international miner, for what reason if the old mine is about to close. Hmmmmmmmmmmmmmmmmmmmmmmmm
GOOD LUCK TO ALL INVESTORS.