TSXV:WMG.H - Post by User
Comment by
CBalardoon Jul 28, 2020 9:45pm
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Post# 31334648
RE:RE:RE:Property
RE:RE:RE:Property I don't know if you remember me telling you about the 5 cent offer coming but I did? They have a pile of rights offering @ 5-8 cents? Thats when you know it's time to go. I don't know why you guys are all hung up on this one. Allience magnesium is already breaking ground on their commercial sight in Canada. The great thing about it is the government is helping finance it. Its in their best interest to help clean up old tailings piles. Apparently mag one has test showing 32-37% magnesium in the tailings? Why is this good well... 1. it's already sitting there you don't have to pay heavy funds to go digging 2. In Thetford mines the power rail and building infrastructure is already there as well as zoning. KSM fertilizer and Dundee have already been going clean on the piloting to get funding not new news! Mazarin and Asbestos Corp are the land holders their shares are getting tougher to get due to the value in the tailings? I saw a write up last year showing 400 billion worth during BAPE meating don't know how true that is? So if you ask me this CEO in Western Magnesium may want to check the area out. Until these guys finally get their act together and secure funding for commercial production I think there just going to keep diluting and using public's money for wages in sluggish management tactics.