GREY:MGXMF - Post by User
Post by
Wangotango67on Aug 13, 2022 3:30pm
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Post# 34894232
Korab’s Winchester magnesium project
Korab’s Winchester magnesium projectThe Australian Federal Government has recently created an AU$2bn Critical Minerals Facility (CMF) to support the development of critical minerals projects. This loan facility is being used for new critical minerals projects to get them off the ground. Critical minerals targeted by the CMF include magnesium, graphite, lithium, and nickel.
Korab’s magnesium project can produce magnesium using solar power and hydrogen generated on-site instead of grid electricity and natural gas or methane. This would make the Winchester project sustainable and environmentally friendly and would provide stability of input cost (and therefore production costs) over the long term.
Ohhh... The Port kind a deal - wink. ( wango )
In November 2021, Korab announced signing the export agreement with the operator and manager of Darwin Port to export up to 30,000 tonnes per annum of magnesium metal through the Port.
Similar grades to Driftwood - wango
Winchester has a mineral resource of 16.6 million tonnes of magnesite (comprising 12.2 million tonnes at 43.1% MgO in the indicated category and 4.4 million tonnes at 43.6% MgO in the inferred category), containing 4.3 million tonnes of pure magnesium metal. In addition to the established mineral resource, further massive magnesite mineralisation extends to more than 8km.
March 04 2022 -
As a result of the Chinese production cuts and post-COVID demand recovery, the price of magnesium shot up from AU$2,550 per tonne in October 2020 to AU$14,850 per tonne in October 2021. The magnesium price has since settled to trade around AU$10,000 per tonne at the time of writing.
See... they know the real prices of Mg metal.
Searching online - china made - one can't get a real $$$ value.
They show lower values making the person call for real time prices.
READ MORE -
https://www.innovationnewsnetwork.com/korab-resources-creating-secure-supply-green-magnesium/18998/
Korab - stock stats -
https://www.stockopedia.com/share-prices/korab-resources-ASX:KOR/
Yes... extremely low valuation.
But... it could be because of two possibilities...
1 - australian stocks usually have massive dilution - mega shares out.
2 - the stakeholders ,gov'ts and finaciers made it a party for two.
issuing shares out applied to the amount of financing - creating a resistence for stock ot rise
due ot the amount of financing vs shares. Project sees lift off, but value doesn't budge for
shareholders .Something we Canadian shareholder's want to avert.
ALLEN...
That is why i said sell the Driftwood.
I couldn't bare seeing stakeholders, Gov'ts and all else swoon in and finance it to the ti-ts...
And... stock never rises due to dilution. Even some JV's are pretty wicked.