Bullboard - Stock Discussion Forum Magna Mining Inc V.NICU

Alternate Symbol(s): MGMNF

Metals & Mining Copper

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... see more

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TSXV:NICU - Post Discussion

Magna Mining Inc > New to Magna

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Post by megacopper on Apr 10, 2023 5:35pm

New to Magna

So I have recently moved some capital into the nickel space given the huge demand coming up for nickel in batteries for the electric cars. A poster that has been with me for the ride up on NFG and SGD and now FNI (Fathom Nickel) in the nickel space has recommended NICU. I'm familiar with Canada Nickel CNC but the average grade is only 0.29% with the Crawford deposit.

I had a quick look at NICU and right away it seems most of their deposits are running higher grades of Ni especially with some of their more recent drill results. That is good to see. Sudbury has been the nickel capital of Canada for a lot of years. It's good to see new blood in the hunt. Keep FNI on your radar screen as it appears to be onto a new nickel discovery in Saskatchewan and it is still very cheap. FNI is much riskier but of course the upside could be enormous. Magna looks to have a bit of meat on its bones which I like. I love the chart. I'm going to keep doing some due diligence on NICU. Not yet a shareholder so if anyone has any information to offer to push me into buying some I'm all ears. Thanks in advance.

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Comment by AUSTIN48 on Apr 11, 2023 6:44pm

Mega you and i have been following each other on our investment journey.My take on Magna Mining is that they are heading towards a PEA due in June. Major mining district with a fantastic management team who took FNX to a billion dollar company. They are permitted and have a drill program underway. Looking forward to seeing this company grow into production which will happen.

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Comment by megacopper on Apr 11, 2023 11:19pm

Thanks. I will start a position as I do like the nickel space and this seems like one of the better ones. Not as explosive as FNI but a good steady performer. And I like the symbol NICU

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Comment by CBalardo on Apr 13, 2023 10:57am

Yes you are at the right place, your Canada nickel Crawford mine you mentioned at .29 is an average grade, but I'm liking Mazarin with that has close to that sitting on the ground shovel ready on a site that the government is putting an abservatory and has spent millions on 43 101 , with millions in pilot projects. You can see their percentages on their spin off company 3Rminerals.com diamond ...more

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