Doc Jones – Recapping The Recent Site Visit To Magna Mining
Doc Jones, Private Investor, joins us to recap his recent site visit to Magna Mining (TSX.V: NICU), focused on 2 nickel-copper-PGM projects in Sudbury, Ontario. We review the recent acquisition and mineral resource estimate at the Denison / Crean Hill Mine Project, as well as the feasibility stage Shakespeare Mine Project, and it’s pathway to production. Doc Jones gives us some behind-the-scenes advantages to getting to talk with key staff members and go to the core shack at a site visit tour, and why he came away even more impressed with the potential for the exploration team to keep expanding resources both at the contact zone, and importantly along the footwall zones.
Many members of the Magna Mining management team and BOD, were previously affiliated with FNX back when they built 3 producing nickel-copper-platinum-palladium mines before selling the company to a major. They have explored and developed similar types of deposits before, and the team is taking a similar approach and applying that expertise with Magna Mining. We wrap up discussing the potential for them to start producing at the Shakespeare Mine Project utilizing toll milling, liking with their relationship with Vale, until they got their own mill built and commissioned, and what the pathway to production could look like.
Yep, it’s been a low volume lack luster week, after 2 wild weeks previously, that had more catalysts and more volume. I’d expect volume to be muted heading into next week as well, because it’s US Thanksgiving on Thursday, and the Friday after is usually thinner trading.
The first week of December may get a bit more lively with the jobs report hitting that week.
I suspect fear. Dear in the headlights. I suspect there is some crossover between crypto investing and junior resource investing. Tax loss, rebalancing, pain, disbelief don’t inspire confidence. When this is over gold will be revealed as the only game in town. When will the revaluation happen?
I have been waiting for an OTC symbol and I checked this afternoon and it was ready for trading. I am in and ready to listen. Thanks guys. MGMNF. Not easy to get shares. I got some by having to bid more than Ask on Schwab as there was no Ask on OTC. Sales can give a clue.
I suspect that the electric car roll-out that a lot of investors were keen to get behind in the metals department is going to cool off quite a bit more than it already has. You can’t retool industry that fast and there just isn’t enough basic metal like copper, nickel, steel, graphite, etcetera, etcetera, to keep this momentum going no matter what the green movement thinks, however I do see the need for far more nuclear power in the interim before any of this can be taken seriously. DT
Probably not enough metals to do what is necessary anyway. Bring on the recession. Bring on as much stress as possible on intervention. The Eastern part of the World is not buying gold for nothing. Criminals are slow to adjust as status quo maximizes profits.
It may be uncomfortable, but Prosecution was designed to enforce rules against those that feel rules apply to others. Pretty simple in the the scheme of things.
Bottom line is that 2035 isn’t that far off and the manufacturers themselves have set these dates so the push will be on which makes the commodities involved that much more valuable like nickel from Magna…….and I’m happy to have bought some.
Has anyone else noticed the recent low trading volumes. DT