MGX Minerals Inc MGXMF

MGX Minerals Inc. is a Canada-based diversified resource and technology company with interests in advanced materials, metals, and energy technologies. The Company’s portfolios include Magnesium, Silicon, Lithium, Gold, and Silver. Its Magnesium projects include Driftwood Creek, Marysville, Red Mountain Group and Botts Lake. Its Silicon projects include Gibraltar, Koot and Wonah. Its Lithium projects include GC and Petrolithium. Its Gold projects include Heino, Tillicum and Fran. The Driftwood Creek project is located approximately 164 kilometers (km) north of Cranbrook, British Columbia (B.C.). The Marysville magnesite project is located approximately 12 km (7.7 miles) south of Kimberly, BC. The Red Mountain-Topaz-Cleland magnesite property is located approximately 50 km south of Golden. The Botts Lake magnesite property consists of claims approximately 50 km south of Golden, BC. The Gibraltar project is located approximately 95 kilometers northeast of Cranbrook, BC.

GREY:MGXMF - Post by User

MGX Minerals Inc

Bullboard Posts

Comment by wasagastaron Jun 15, 2017 6:31pm

158 Views

Post# 26368647

RE:RE:RE:RE:RE:RE: Rockstone

wilwal, the only area they need to examine costs is the extraction from the field and the purification of lithium minus the off take revenues of other products generated. Jared says those costs are very very low (perhaps negative), yet a PEA is needed for sure. Then you add a quotation per tonne from an upgrader of lithium to battery level. But I can assure you that if the lithium upgrade process works and the cost of this third party process is low....this stock will rocket because many then will assume they might be the lowest cost producer of battery grade lithium in the world - which makes them the most valuable.

wilwal wrote: A contract is no good if the company can't make money at it. That would be bad management to price out something when they don't know the costs.

Yes, third party economic evaluation. Let's face it, literally investor here has put their money into something and do not know if it will ever turn a profit. More conservative investors are fully aware of that and are cautious about it. You have your money on the ability of XMG to do something no one has ever done before and you don't know if it is going to work. If it does, you will be rich.

Broadsword17 wrote: What about a contract with the major oil company that we have the demonstration unit. That sort of sanction would imply the economic viability has been studied/accepted by the client. Or do you mean a third party independent verification on the the economics?
thanks