TSXV:MAZ.H - Post by User
Comment by
CBalardoon Mar 14, 2021 8:08am
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Post# 32794420
RE:maz.h good news
RE:maz.h good news Here's what needs to happen now DemDem. The price of Magnesium needs to hit $3000. To help this even more? More duties on Israel's Dead Sea, and shortage with US magnesium Corp. Till there's a shortage the cost effectiveness is not worth it. I hope the fertilizer plant pans out one day? I would imagine and hope we will hit higher prices, just need a bit more time.The estimated $400 billion worth in tailings is great news, but it needs to be worth 800 billion with our dollar .80 or lower.
I can't see how Alliance Magnesium is going to make profits, so I'm guessing they expect higher prices as well.
I would say go long, but I've been in this stock for over 20 years, so the sooner the better lol.. maybe my foresight was just way to far into the future. I should have started smoking lots of pot and invested in Bitcoin 20 years ago and then invested in nickel magnesium?? Cheers