Professional
Added to YB: 2024-10-29
Pitch date: 2024-10-27
NICU.V [bullish]
Magna Mining Inc.
+119.33%
current return
Author Info
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Company Info
Magna Mining Inc. engages in the acquisition, exploration, and development of mineral properties in Canada.
Market Cap
CAD 336.5M
Pitch Price
CAD 1.19
Price Target
15.86 (+508%)
Dividend
N/A
EV/EBITDA
-19.96
P/E
-20.14
EV/Sales
N/A
Sector
Metals and Mining
Category
growth
Magna Mining (NICU.V) Deep Dive
NICU.V: Junior nickel developer in Sudbury. Recent acquisitions boost resources to 2.71B lbs NiEq ($25B in-situ). 4 mines by 2028, est. $300M annual FCF. McCreedy West copper mine cash flow to fund Crean Hill. Mgmt owns 10%. 1200% upside potential. Risks: execution, financing, commodity prices.
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