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Bullboard - Stock Discussion Forum 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... see more

TSXV:NICU - Post Discussion

Magna Mining Inc > Looks promising - Am I missing anything?
View:
Post by Malachite on Jun 29, 2023 12:09pm

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

Comment by AUSTIN48 on Jun 30, 2023 10:31am
This is the best Nickel play in North America currently.Safe well known mining district(Sudbury)Top notch management,fully funded,revenue generating soon with permits and expanding current substantial resource along with no need to go to equity markets and dilute share structure......Absolute no brainer.
Comment by Malachite on Jun 30, 2023 12:12pm
Yeah, so it seems! Just seems to be a too good to be true value play at these prices considering he current PEA updates. I appreciate the response.
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