Magna Gold Corp V.MGR.H

Metals & Mining Industrial Metals & Minerals

Magna Gold Corp. is a Canada-based gold and silver production company. It is engaged in acquiring, exploring, developing and operating precious metal properties in Mexico. It is advancing its 100% owned flagship San Francisco Mine, its Margarita Silver Project and other highly prospective mineral properties located in Sonora and in Chihuahua. The San Francisco mine is situated in the north central portion of the state of Sonora, Mexico, approximately 150 kilometers (km) north of the state capital city of Hermosillo. The project covers approximately 47,395 hectares (ha). San Judas is an early-stage exploration property, located 240 km to the northwest of the state’s capital city of Hermosillo and runs along Federal Highway 16, covering a total aggregate area of 2,806 ha. The Mercedes Property consists of two contiguous claims covering an aggregate area of approximately 345 ha located approximately 250 km east-southeast along Federal Highway 16 from the state capital, Hermosillo.

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Magna Gold Corp > Magna is too cheap to ignore!

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Comment by checkmate28on Oct 15, 2021 11:32am

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RE:RE:Magna is too cheap to ignore!

RHertig I recently picked up on the story as well. Facinating story. Basically an unknown 70k OZ producer at a $70 MC internally projecting to produce positive cash flow Q1 22 Arturos intimate history with San Francisco, how he moved it forward, rehiring the old team is just as facinating.

Their getting it done with reducing the strip ratio and rising the production numbers.

Im suprised since the San Francisco mine was let go by Argonaut. Further thinking, Argonaut probably divested SF so they could more focus on Magino. If this turns out well, MGR got a smoking deal for less then $10m in value.

Not in yet but DD ing and liking what I see.

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