Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum 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... see more

GREY:MGXMF - Post Discussion

MGX Minerals Inc > PETRO vs ELECTRIC or should they re their strategy ?
View:
Post by Wangotango67 on Jan 03, 2023 9:12pm

PETRO vs ELECTRIC or should they re their strategy ?

WHICH IS BETTER ?
All depends on who you ask, or should i say, who would profit more.

From a Governmental stance, 
Shifting from petro to electric - while curbing - CO2 emmissions sounds all wonderful.
Yet... private oil and petro companies are crushed.

What was once a private capitalistic market becomes Fedrally run and more profits are avail for 
Government Agencies.

How do you say ?
The tax rates are: 14.7¢ per litre of unleaded gasoline. Effective July 1, 2022 until December 31, 2023, the gasoline tax rate on unleaded gasoline will be reduced from 14.7 cents per litre to 9.0 cents per litre, representing a cut of 5.7 cents per litre. 17.7¢ per litre of leaded gasoline.

Canada has apparwently 26 million  petro vehicles on the road.
 Each pay an approx $3,000 per year in fuel costs.

$3,000 ~ $1.40 / L =  2,142 liters x ( $.14 cents. L ) 
= $299.88 / cdn in fuel tax collected.
x 26 million vehicles
=$ 7,796,880,000.00 - ( billion ) tax revenues collected 

----------------------------------------------------------------------------------------------------------------------------

If Feds become owners of the Hydro Electricty or have a good percentage ownership,
It's no longer a ( small portion ) of profits collected such as the .14 cents per liter.
The profit margin increses due to Feds having more percentabe ownership of the electrical generation infastructures.  And one wonders why many leaders admire how China runs it's country. lol - they own the infastructure that generates the power to the slave consumer.
 
It's hard to break down what is meant in the following statement...
Is it revenues generated from mining the minerals or.....
More like the residual energy they hold inwhich one recieves a yearly residual ?
What sort of  figures are they throwing around ?

 Based on a report by Clean Energy Canada, a battery supply chain in Canada could directly contribute between $5.7 billion to $24 billion in GDP by 2030 annually, supporting between 18,500 and 81,000 direct jobs, depending on how quickly and ambitiously Canadian governments act. These figures grow to between $15 billion and $59 billion in annual GDP contributions, and 79,000 and 333,000 jobs, when indirect and induced activities and jobs are included. Once realized, these activities would contribute between $2.7 billion and $11 billion annually in combined federal and provincial government revenues.

Let's take the high figure of $11 bllion.
Not much different from the $7.7 billion using - petro.
$2.2 billion gain.
With the reduction on CO2  emmissions = better for planet.


----------------------------------------------------------------------------------------------------------------------------

Could there be a better way ?
Perhaps fuel saly cells is the answer.

If implementerd properly, the Feds could recieve far more monies, on a fuel cell tax.
They don't make the fuel cells, unlike the costs to maintain the electrical grids and supply to home or vehicle  takes a big chunk of hte profits away from the - profits.

Shifting what a consumer pays in fuel to a milage counter on fuel cell use
Would funnel all profits to Feds.
No longer is it a .14 cents per liter
Or, a portion of electricity due to high run costs keeping power lines operational,
But rather.... most all tax profits are streamed to Feds by licensing the - fuel cell. 

Various salts, for consumer preference = Varios Brands.
Infastructure is already in place - gas station that convert to water salt - deposts for in and out
swap out of premixed salt fules.

Such an idea would take an enormous burden off of the costs to install charge stations.

Should one focus on the - hydrogen fuel stations ?
Not at all.
The salt fuel cells make the hydrogen on demand. 
All that would need to be shipped around are the premixed fuel cell cylenders.
Salt in cylenders is recouped and recycled. 
Expended  cylenders = pick up drop off with new fresh fuel cylenders.

now take the ( norm ) of $3,000 a consumer pays on yearly fuel costs and transfer it to the
fuel cell licensed lease which acts as a, fuel cell license tax.

26,000,000 million vehicles in Canada
x $3,000 per year infuel cost ( based on former petro ) 
= $78,000,000,000 billion.  ( 10x greater )  than petro using salt and water andstil lsave the planet.


And that's how the Feds should amplify the profit margins.
Does one sit around and play games ?
Or begin pulling valued salts from the ground - creating stock piles in order to have the supply one needs to actually move forward ?



The present electrical route is a complete nightmare.
Old infastructure.
Need far more electrical infastructure.
Stess on demand creating rolling blackouts.
Thus, increase in electrical costs.
And the new charge stations are nowhere near the amount one needs to facilitate consumers.
Which segways... why reduce automobiles - take them off the roads...
When... using salt fuel cells allows a Fed to profit while keeping theearth green.

Fuel cells - promotes, profits all the more, with no addedstrain on the grid, while the current battery electrical route leads to complete reduction.



Cheers...
Be the first to comment on this post
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities