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.

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MGX Minerals Inc > Tcheck advice not needed

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Post by Shakeron Aug 22, 2020 8:54am

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Tcheck advice not needed

Tcheck, I am a long term investor and I feel that MGX has a number of projects of which a few may turn out quite positive over the next number of years. I have not need to reinvest in other stocks so I am ok staying with MGX with whom I have had shares for some years. Yes I am losing, but it doesn't weigh on me. I would agree that MGX probably would not be able to raise sufficient funds for its gold mine. However, if it can show reasonable resources at the indicated or measured levels, then it could be an opportunity for a sale or a share of a company capable of doing the mining. Time will tell.

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