Western Magnesium Corp V.WMG.H

Alternate Symbol(s): MLYF

Metals & Mining Industrial Metals & Minerals

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

Western Magnesium Corp

Bullboard Posts

Post by MrStockingtonon Jul 14, 2009 1:05am

557 Views

Post# 16135235

Clarification

Maybe someone can help me on what the numbers of the NI 43-101 mean.

DILUTED TONNAGE AND GRADE               236,183,772   10.00 51,748,568,012lbs of mg

So that states 51billion lbs of Mg as was mentioned in the previouspost. I am not sure what goes into extracting the Mg or what theprocess is from ground to product for sale but from what I have foundon the web Mg sells for $3.70 per 100 grams. I'm no math whiz but at453 grams per pound this seems like a very significant find.

Perhaps someone with a better understanding of this can help me out. If I am any bit close to being on track the current $0.09 SP seems a little silly.

Thanks in advance.

Stockington

Bullboard Posts

Advancing flagship Ishkõday Gold Project in Ontario