Western Magnesium Corp V.WMG.H

Yassoor. Some thoughts.

[splitcore]

This may not be what you want but I can put a different spin on the jv. Both Scanmag and nvm have large deposits of mg. Each company now has a good stake in the other. Scanmag has govt. money behind it and will very likely get their operation up and running quickly. Nvm will share in the proceeds and use them to get the Nevada deposit developed. With both up and running in about twenty-four months, the combined output will be about 60,000 tonnes of mg. metal each and every year for the next thirty years, minimum. The gross market value of the combined yearly output at $2.50/lb. is about 24.6 billion dollars per year. I certainly don't know the costs of processing the ore but even at $1.25/lb., the profit will be about $12. billion each and every year. Hell, even if I'm off by a factor of 10 it means roughly a $2.00 dividend annually. If I'm not incorrect, the dividend will be huge. As far as share price, why would you think that even $20.00/share wouldn't be reasonable?????? With this revenue, NVM becomes nearly a blue chip stock to own. Just my poor thinking. Split.