Magna Gold Corp V.MGR.H

RE:Mexican gold and silver growthstory par excellance !

[baystock1]

thank you for this writeup @austrochris. I have referenced it in this post below that I made on the private Mexus stock discussion board: Magna Gold (MGR.V or MGLQF) looks to me to be the most undervalued producer. Highlights: -CEO is Mexican and lives in Hermosillo and was the former president of Timmins Gold. -Have purchased in a distressed sale the former San Francisco gold mine in Sonora and successfully turned it around into a 70,000 oz producer which will be increased to 90,0000 oz in 2022. -Excellent pipeline of advanced exploration projects that will allow them to grow to meet their stated goal of being a 200,000 oz producer with 5 million oz of AU equiv resources by 2023. -Their top priority development project is the high grade Margarita silver deposit that they acquired from Sable Resources which was raving about it here: https://www.youtube.com/watch?v=B41KYePenZI+ -Some of the early investors who got in at lower prices in 2018/2019 time frame are Eric Sprott, US global investors, and various newsletter writers. Their investment was done without the issuing of any warrants. Supposedly only 20% of the shares are in retail investor hands. Wish I had heard of Magna 2 years ago when this interview was done: https://resourcestockdigest.com/archives/interviews/magna-gold-tsx-v-mgr-ceo-arturo-bonillas-on-the-mercedes-project-in-mexico--coming-out-of-retirement-to-continue-his-streak-of-success/ The company has has come a long way in the past 2 years since that interview was done, so much so that the Mercedes project mentioned in this interview as their flagship project is no longer mentioned as a top priority project: https://www.youtube.com/watch?v=B_4qGWnxf5Y+ . But if they meet their stated goal of reaching 200,000 oz per year gold production in 2 years from now, the current market cap of US$75 million will also seem cheap in 2 years as the $12 million market cap of 2 years ago seems cheap now.

From recent Jun 10th update by CEO Arturo: https://www.youtube.com/watch?v=rqz4B67K_94+ -Looks like company is on track per their business plan and objectives to become an intermediate producer. -at 13 min mark: strongly believe they will find another San Francisco mine next to the current pit where Timmins gold had very good drill intersections. With enough drilling hope to combine the current 2 open pits into a single one. -at 22:25 min mark: looking at M&A opportunities that could take the company to a much higher valuation in the short term. Last but not least, from Austrochris who is a follower and commentator on CEO and Stockhouse of very many junior miners: https://ceo.ca/@austrochris/mexican-gold-and-silver-growthstory-par-excellance