Magna Mining Production Ramp Catalyst

about 1 month ago

Jason Jessup

"On day one, we are going to be shipping ore from the mine, from McCready West mine. We will invest capital to bring that mine back to a long term, sustainable, optimized production level by most of 2025. This immediately makes us a copper producer with the potential to generate tremendous cash flow and ultimately drive our share price upward towards a target of $5 a share."

The CEO outlines a catalyst at Magna Mining with the restart of the McCready West mine. His plan is to optimize production without requiring significant new equity dilution, setting the stage for increased cash flow and a potential stock price target of $5 a share over the medium term. This strategy is being enabled by the acquisition of non-core assets and a disciplined capital investment approach.