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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

Post by Wangotango67on Aug 01, 2023 3:43pm
127 Views
Post# 35567507

STAN

STANI'm hoping xmg reaches out -
to shareholders and provides a forward ( plan )
Letting each of us know what remains in assets.

Driftwood gas an indicated and measured resource.
With a PEA report ( quite marketable )
https://www.globenewswire.com/en/news-release/2018/03/06/1415486/0/en/MGX-Minerals-Announces-Positive-PEA-for-Driftwood-Creek-Magnesium-Pre-Tax-NPV-of-C-529-8-Million-and-24-5-IRR.html

Driftwood deposit is much larger 8 million tonnes if one factors 3 things
- Kaiser historical ( report )
- Dolomite outlier zonations
- keeping intact weight of carbon

Driftwood Report - only focused on, DBM ( cheapest Mg product )
When compared to Magnesium metal that commanded ...

At the end of September 2022, the price range in Europe increased to between $10,000 and $11,500 per metric ton and, by mid-October, the price ranged from $12,000 to $15,000 per metric ton.

Govt's and Military love the magnesium.
Considered a critical mineral.

If mgx mustered a portion of respect
They'd unload the Driftwood and cashout shareholders.


Did a bit more reading up on, delisted stocks.
What's interesting ?
Well, there's a difference between voluntary and involuntary delisting.

https://www.nuvamawealth.com/investology/introduction-to-stock-markets-51c006/delisting-of-shares--heres-what-you-need-to-know-2796db

Using  $10 million increments applied to 143 mil shares
= 0.07 cents per share

Question becomes how many multiple $10/millions ?
If it were me ?
I'd sell it to our Gov't. via investment firm that has Gov't pension
fund capital injection.

There are several pension funds heavily vested in critical minerals
energies.

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