GREY:MGXMF - Post by User
Post by
Wangotango67on Aug 01, 2023 3:43pm
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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.