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Magna Mining Inc V.NICU

Alternate Symbol(s):  MGMNF

Magna Mining Inc. is an exploration and development company focused on nickel, copper and platinum group metals (PGM) projects in the Sudbury Region of Ontario, Canada. The Company's flagship assets are the past producing Shakespeare and Crean Hill Mines. The Shakespeare Mine is a feasibility stage project which has permits for the construction of a 4,500 tons per day open pit mine, processing plant and tailings storage facility and is surrounded by a contiguous 180 square kilometers (km2) prospective land package. The Shakespeare Project is comprised of around 29 patented claims, three leased claims and 787 mining claims within Dunlop, Porter, Shakespeare, Hyman and Baldwin Townships, and covers an area of 18,074.94 hectares (ha). The Crean Hill Mine is a past producing nickel, copper and PGM mine. The Crean Hill property has an area of patented surface and mining rights consisting of over 255.9 ha. It has a 100% interest in a nickel-copper deposit located near Shining Tree, Ontario.


TSXV:NICU - Post by User

Post by Malachiteon Jun 29, 2023 12:09pm
269 Views
Post# 35520642

Looks promising - Am I missing anything?

Looks promising - Am I missing anything?Good morning,

From what I can tell, Magna should be fully financed their exploration, have had very promising results at shallow level (granted I am still educating myself on mining standards), they seem to have a very competent C-suite with the right expertize and are likely to start pulling in positive cash flow within the next year. Operating only in Canada where the standards for safety are high, are operating in a historically resource-rich area with the right infrastructure in the area. I understand the risks with mining companies in the exploration period, but all looks promising to me. As a potential investor, what else is there to know?

Thanks

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