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Western Magnesium Corp V.WMG.H

Alternate Symbol(s):  MLYF

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

Bullboard Posts
Post by splitcoreon May 12, 2014 12:29pm
197 Views
Post# 22551108

Battle

Battle
You know it's a 'toss of the dice' but I'm hoping we have loaded dice. Why spend money on two different services if there's a chance you don't have the money to spend?? Conclusion??? NVM does have the money. Why??? Cuz it's a done-deal!!! I hope. And you know what, the news could range anywhere from pooling all resources to get Scanmag up and running first then using revenues to build the Nevada plant. ORRRR, they could be planning on rushing to market by getting both operations up and running. Off-take deals??? With both mines producing 30k tonnes per year, the gross income is at least a 1/4 billion dollar figure. Production costs are unknown, but even at $.50/ lb, they are looking at net profit of $60. million per annum. That will pay the debts of both operations pretty quickly. Hey, but who knows what's really flowing down the conduit as I write?? Good luck to all and an especial merry Christmas to Tiny Tim and his family. Split.
Bullboard Posts