Magna is a profitable gold producer at about 75-80K/yr. Has about 7 years of production left. Magna is looking for near term production from nearby projects and bought several silver prospects last year. Margarita is the best near term prospect for production and today Magna reported first batch of drill results. These are very good, high grade, shallow holes. Goal is to get to production very quickly. May have to change the name to Magna Gold and Silver!
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