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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 RatPatrolon May 27, 2024 4:49pm
232 Views
Post# 36059396

Management Set Our Expectations Too High

Management Set Our Expectations Too HighThis is typical oldtime stock promotion carried out with the support of a couple of large shareholders.

                                                     Pumping up the tulips.

In hindsight, grade discovered from this focussed dd program was going to align with historical results.
Those are the results end of story.

WHAT SHOULD HAVE HAPPENED BUT MAY BE A MISSED OPPORTUNITY.............

NICU might have merged with SPC to more FULLY SUPPORT its 90-cent price with some.....

                                               wait for it Dundee......

                                                   ADDED VALUE.

Instead, NICU's stock price risked getting ahead of itself.

JMHO DYODD
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