Western Magnesium Corp V.WMG.H

RE:RE:Wow!!!!!

[regshareholders]

I to wonder why the "shareprice rise and fall" based on the news. The key things I take away from this news release is:

1. JV history has repeated itself with yet another technology JV program between two companies. No explantion on how the ScanMag fits into the JV equation.
   • "BBT and NCM's technical teams will collaborate to enhance each others' respective processes in order to try and achieve successful commercialization for earlier cash flow"
   • "NCM will issue 15% of the Company's total common shares issued as of January 1, 2017 to BBT released at increments of 5% per year over a 3 year period. "
2. The explicit use of the word "integrity" bothers me. Is there a public mis-perception of NVM not operating in a ethical manner in pursuit of producing cost effective magnesioum? Who's he trying to sell - his conscience, NVM legacy investors or the P&D?
3. BBT may have the goods given the terms of the MOU. Given the production costs advertised in the video (single chart), the process maybe superior to NVMs. See next point.
4. Show me the business plan that conatins the rational for "Together, our intellectual capital will be used to show how the U.S. can be a leader in production of this industrial light metal."
5. Tarriffs, yuan devaluation and offshore production costs will have a bearing on "Americas' goal to repatriate industry to the US from overseas" and " America achieve its goals.". It's one thing to patriate inductry (mfg'ing jobs", it's another thing to move materials mining from cheaper centers. This is wait and see game.

I stand behind my prediction on the ScanMag JV being terminated. How is the JV going to be funded going forward? The extended debenture with unique interest paying clause? I hope BBT can get Phase II funding through a research grant pool.