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Western Magnesium Corp V.WMG.H

Alternate Symbol(s):  MLYF

Western Magnesium Corporation is a producer of green primary magnesium metal. The Company is focused on plant operations and magnesium production. It uses a continuous silicothermic process to produce magnesium with low labor and energy costs while generating minimal waste and toxic by-products. The Company's technology eliminates inefficiencies and allows for a continuous, mass production of magnesium. Its magnesium is used for technological advancement opportunities for American industries including auto, airline, aerospace, and protecting national security interests with the department of defense.


TSXV:WMG.H - Post by User

Bullboard Posts
Post by 1BHforlifeon Jan 27, 2017 2:12pm
97 Views
Post# 25764965

The current market cap is based on a promise of monies

The current market cap is based on a promise of monies from the Norwegians, yet to be delivered. A rollback now is chum in the water for short term sharks shorting the stock.Watch the increase in shorting if this stock rolls back. Pump and dumpers play the game, they are not concerned about production of product.  This company needs money(100's of millions) to build a mine that produces product not extended promises.Ideally, if this company can get financing a possible short squeeze would occur and increase the share price.
Bullboard Posts