TSXV:WMG.H - Post by User
Post by
Darshan2on Feb 28, 2014 3:58pm
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Post# 22266171
With or without Scanmag we're still as GREEN as Kermit
With or without Scanmag we're still as GREEN as KermitA restated 43-101 including more cycles and the marketing of waste streams could bring the cost of producing a lb. of mag below a dollar....Today, approximately 83% of the world’s magnesium is produced in China, and only one American company produces the metal in Utah.The Chinese produce a lb. for dollar and some change...We can beat the Chinese cost to produce a lb and by doing so capture the market!