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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 > Several PIGS IN A POKE??
View:
Post by RatPatrol on Oct 11, 2024 10:39am

Several PIGS IN A POKE??

Investors need to know what reserves were purchased from KGHM for $5.3 million.
It's quite possible that this 

                                VERY LARGE, PROFITABLE

Mining Company is Entirely Satisfied receiving it's $5.3 million.

Meanwhile, on the back of this deal, Magna's Investor Centre has been able to crank its 

                        PUBLIC MARKET CAP

                             BY $26 million.

What's needed to make NICU profitable is Economic Reserves
Until these are registered from these "operating" and abandoned drifts,
Investors may be more inclined to view this acquisition as a Vanity Project.

We c.................

JMHO DYODD
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