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.