GREY:MGXMF - Post by User
Comment by
TripleEmon Jan 14, 2019 11:27pm
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Post# 29231486
RE:RE:RE:RE:RE:this is still a very small company
RE:RE:RE:RE:RE:this is still a very small companyTcheck wrote: We found a diamond in the rough.
The first petrolithium plant (NFLi-5), which just started commercially with a capacity of 750 barrels/day (5m3/hour), is projected to generate up to $1.7 million in revenue under full use on an annualized basis, with a CAPEX of about $750,000 USD. MGX owns this plant, PurLucid is the contractor, and revenue is split 80/20 for MGX (20% goes to PurLucid as a management fee).
With a capacity of 1,500 barrels/day, the second petrolithium plant (NFLi-10) is twice as big as the first one and comes with a CAPEX of about $4 million USD as it has titanium parts (it can handle more pressure, heat, etc. and is high end, long life). This second deployment, as previously described in the Daily Oil Bulletin and recently permitted, will go to the oilsands SAGD site and is government grant funded.
The third petrolithium plant will be ready in late Q1 or early Q2 of 2019, will go to an additional SAGD facility and also has a capacity of 1,500 barrels/day.
The fourth petrolithium plant (NFLi-20), already in fabrication, will have a capacity of 3,000 barrels/day at a CAPEX of $2.7 million USD. This plant is being built for MGX, which has not disclosed on the final deployment location, but with projects in oilsands, Western USA, and South America, we can only guess what MGX has planned.
Read more at https://www.stockhouse.com/news/newswire/2018/11/27/revenue-phase-for-this-canadian-industrial-cleantech-superstar#IXtEOIevTtx78dR0.99 And time will tell,
JMO, GLTA...
GO MGX , PROVE'EM WRONG