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Bobwins

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Bobwins

Re: Bobwins post# 35285

Tuesday, 10/19/2021 12:14:59 PM

Tuesday, October 19, 2021 12:14:59 PM

Post# of 35840
MGR.v/MGLQF $.639

Magna reports Q3 production of 19K oz of gold and 40K ytd. Magna is approaching full capacity and now has three qtrs of successively improving results. 7,11,19K gold produced. Strip ratio down dramatically, which is critical for such a low grade gold operation. Almost down to PEA projections.

25K oz placed on heap leach so Q4 should be even better. 21K was placed in Q2 and resulted in 19K production so Q4 should be in the 21K to 23K range.

Magna is getting close to the magic 100K producer level but way undervalued. We'll have to wait and see how the financials look in Q3.

https://finance.yahoo.com/news/magna-gold-reports-q3-2021-110000424.html

Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.

If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE

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