TSXV:WMG.H - Post by User
Post by
splitcoreon Jul 28, 2015 9:05am
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Post# 23966309
Ready to roll!
Ready to roll!I would think that with all the preparations this co. has put in place, they must be ready to put a real mine in operation soon.
Most mining ventures would require hundreds of millions to get a mine off the ground BUT this one has proprietary new technology that allows them to start up at almost any scale they prefer.
My guess is that the hold up is over whether it will be NCM/NVM or Scanmag that gets to build the first mine.
Not sure how critical a domestic source of magnesium is but with all the new green uses for magnesium, you'd think there'd be a push for a safe, secure local supply.
Magnesium with aluminum makes for a super-strong, ultra-light alloy. Where's Elon Musk when we need him?
jmho.
Split.