Value Microcaps Junior Miners

[dr_airtime]

MGR.V /MGLQF - what to watch for...

...once you have taken a position:

1. Open pit mine burning a lot of diesel. We need gold to rise along with oil prices. This is a low-grade open pit.

2. Ounces laid on leach pad (e.g, assayed grade x tonnes) vs. Ounces produced (e.g. recovery). Will be important to look at recent quarters to see it actual recovery = 43-101 recovey. Issue with Timmins Gold under the second management team who apparently messed mine up was the build up of inventory as they weren’t hitting targeted leach pad recoveries.

San Francisco was the mine of Timmins Gold (who became Alio Gold after screwing up.

Magna team is the team that successfully brought San Francisco into production and ramped it up, not the management team that ran it into the ground!