TSXV:WMG.H - Post by User
Comment by
Griasdengon Jul 02, 2021 1:35am
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Post# 33480833
RE:RE:RE:3 months financials
RE:RE:RE:3 months financials Hello papajay,
I can totally understand this even if I'm not so long in it. During that timeperiod you could have invested into another Companies whose are much much more efficient... or even produce something. But if you had invested at 0.02 Canadian Dollars , you already have your 'tenbagger' now. so it is not so bad for you.
I dont think that anybody can make a good calculation at the moment.
But at the moment, the price per ton of Magnesium is around 2400 US $. So to make 1 Million , the have to sell around 420 Tons. Which is about 0.5% of the global production.
I'm not good in reading US/Can financial statements, they are different from the German statements, whose are quite easier.
The question is, do you want to get your tenbagger now, or do you maybe -and i mean maybe- want a hundredbagger?
I in your position i would wait untill they have finished their test in the pilot plant and look what is happening. you have waited so long, you can wait about 3 months longer ;)