Post by
Wangotango67 on Nov 03, 2020 12:52pm
ALLEN - hopefully i got the right poster -
This stock was always about - Magnesium.
- What junior would run after low grade lithium whe nthe MAG card was the real story
- No oil brine Mag resource ever - compiled - kept the low lithium show front stage
- No old well brines targeted for settled out oils atop of water -
- Treating brines that operator is seeking oil at same time - all the more oils to deal with
- Multiple extraction units should have been deployed - chasing MAG not weak lithium
- Driftwood is a very - rich resource - 43% - yet sits idle.
- Junior is teamed with oil companies - yet...why are there not 50 units deployed by now ?
- Magnesium is far richer in the brines then - lithium - yet lithium is their lead
- I certainly hope - all these years the oil companies have collected shares
- This junior is sitting on a KEY CANADIAN ASSEST - yet... the SP would never hint it is
- Longer these 2 assests drag - hmmmm - odds are scary for shareholders given what
i've seen what happened to other stocks
- Modest 140.million shares out - i don't know what to make of it...
- Big Boys are el cheap - or....the water card at play...
- Which means - the junior should not be chasing gold burt working like a canadian beaver
building this out - as fast as possible - ensuring - shareholders they get a pirce of the pie
- MAG metal - runs at $15/k tonne - just the driftwood alone would be off the charts $$$
- Yet.. ythe PFS has never been updated - what gives ? no shareholder value if left idle
- More drilling stalls the value - revamping pfs firstly = shareholder value
simply update pfs later with more drills - drilling more now - just drags it oout...
same goes for the gold -claims - the real story to this stock is the two MAG plays..
- The fact the MAG from the oilbrines is NOT INFERRIOR - and mag hydroxide can be
converted to - MAG METAL - invcreases the oilbrines - exponentially -
- Apex recommended MGX to compile a rssource on oilbrines - never performed
- Lots of data is already known like size of brine volumes - simple testing would unlock
the value of the oilbrines big time - yet... avoided.
- Just the Wimbone brine voliumes could run 50 years with 20 extraction units.
why has the magnesium not been tested - research papers point to - most oilbrines
do have the magnesium...even AB water reports -
- I find this bullboard very odd... yes, beyond odd - something is a miss - and there's lots
of MAG at stake - and lots of wierd games going on.....burry my good intel posts - hmmmm
- No i am not a shill - just a smal linvestor who has invested in several battery metal stocks
and has seen lots of oddities surrounding - battery metal stocks - like shareholdersw not
seeing rightful valuations - if oil is being phased out - and the salt minerals phased in -
then.. how important are salt minerals ?
The above is my reply to Allen....
Allens post excerpt below -
Wango: Driftwood is a very large deposit of MgO and is drilled out ready for a mining deal with a major if we can get the divided board problem settled. You estimate of Magnesium Metal selling for about $5,000.00 USD per ton is close.
The Magnesium from salt needs the same process (electrolysis) as dead burn't magnesium Oxide from driftwood and hard rock mining. MGX M has been working for year to gain a join venture deal to put driftwood into production and buld a plant in southern BC to convert the Dead burn't Magnesium oxide to Magnesium metal.
The price of Magnesium has risen from $1,500.00 USD per ton about 3 years ago to about $4,600.00 USD per ton. This puts driftwood in a much better position to go forward than 3 yesrs ago.
Wango you are on the right track. MGX M is in a position to produce Magnesium metal from 2 sources at a world class level. Lithium is not the only game in town.
Cheers....