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Western Magnesium Corp V.WMG.H

Alternate Symbol(s):  MLYF

Western Magnesium Corporation is a producer of green primary magnesium metal. The Company is focused on plant operations and magnesium production. It uses a continuous silicothermic process to produce magnesium with low labor and energy costs while generating minimal waste and toxic by-products. The Company's technology eliminates inefficiencies and allows for a continuous, mass production of magnesium. Its magnesium is used for technological advancement opportunities for American industries including auto, airline, aerospace, and protecting national security interests with the department of defense.


TSXV:WMG.H - Post by User

Bullboard Posts
Comment by AucontraireIIon May 12, 2020 9:13pm
234 Views
Post# 31020070

RE:RE:Presentation

RE:RE:Presentation
I couldn't be happier goolie if that comes true what you said. The other thing that I found perhaps even more important was the numbers that Sam presented regarding the size of the current magnesium market compared to its potential. Assuming Sam has it about right, the potential is 30-40 X, as I recall, correct me if I'm wrong, the current 1 million metric tons / year. The point that he made about that is very important. There is absolutely no way any manufacturer will design magnesium into their product without being certain of both supply and quality. You may have a great idea to install more magnesium in your car, aircraft, boat whatever, but if you are reliant upon a flaky supplier outside of the U.S., your design will never make it into production. With a reliable, high-quality, local supplier the door for a much wider use of magnesium opens. At least in theory. On top of that, I will add the possibility of rising inflation, in my opinion anyway, that the dollar weakens over the next decade.... Now I am really getting ahead of myself. So ok, maybe don't read this post.
Bullboard Posts