They have commented on the progress of the Ball Mill! They announced a week and a half ago that it was being commissioned on 25th May. I don't know what level of progress information you're asking for but maybe it's something like this:
1. We're opening the mill up. 2. We've put the steel balls in 3. Now we've put some oversize in it 4. Now we're spinning it like a giant washing machine 5. Now we are removing the crushed oversize.
As to Magna's intentions, I'd say being an investment firm, they would like to make a profit. Through investing their money. While they will have a board seat their core business is not in running mines. Maybe they will help the board make their announcements more market friendly.
If they didn't think there was a reasonable chance of making some coin out of CCU they wouldn't have stumped up the cash.
CCU Price at posting:
12.5¢ Sentiment: LT Buy Disclosure: Held