GREY:MGXMF - Post by User
Post by
FinalAnalyticon Apr 19, 2016 5:29pm
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Post# 24785875
Not until Late 2017
Not until Late 2017I suspect that MGX Minerals will have anything to do with Lithium until late 2017.
Because they are going into Magnesium production in September 2016.
According to Wilwal, they need a bigger financing to purchase Cranbrook Mill as a Magnesium processing plant for about 3.7 Million
Another estimate on Lithium Pilot Plant, which has to be built before Lithium evaporation process begins, is 25 Million.
That's a lot of dilution on the account of shareholders for financing at be issued at 0.10 cents and warrents for .15.
But, MGX Minerals has potential!