TSXV:WMG.H - Post by User
Post by
AucontraireIIon May 12, 2020 8:13pm
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Post# 31019889
Presentation
Presentation
Nice presentation but I was a little surprised to hear that they plan only producing 9% ...90,000 tonnes...of the 1M tonne current magnesium market and it's going to take almost six years to reach that goal....2026. Slower than I had figured and less than I had figured but then again I didn't know. At least now we have some figures. I calculated that amount to be 200 million pounds / yr. So if they can produce it for less than $1 per pound and sell it for $2 or more, then you can figure a little bit their revenues.... If all goes according to plan anyway.