Value Microcaps Junior Miners

[Bobwins]

re mglqf

I don't think Magna will awaken until they publish their 2021 results. IF they were profitable in Q4 and show the market that they represent an 80K/year producer that will be profitable going forward, they should get a rerate.

Over 2022, I expect positive news out of the silver project to give the market assurance that they will increase production in the next couple of years. Investors in this stock will have to understand and appreciate the "mexican" way of mining. They don't drill the crap out of the deposit. They drill to define the near term targets and grades. Reserves may not rise in a predictable and regular pattern. They are focused on cashflow and profitable operations. The silver project will be a low capex mine that will start construction without the normal, pea, pfs, fs routine.

They will likely do a pea but then will make a build decision. Capex for the new mine will come from San Francisco cashflow.

We shouldn't have too long to wait. Annual report will be published in April.