TSXV:WMG.H - Post by User
Comment by
StockJockieon Dec 10, 2020 3:05am
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Post# 32074726
RE:RE:Time to make money
RE:RE:Time to make moneyThe next three major releases will be focused around the future of a commercial magnesium plant. We are nearing the point where metal is in hand. They need a location, way to fund it, and purchase agreements and you have a clear path towards turning revenue out. US Mag in Utah produces roughly 50,000 metric tons per year with a revenue stream of about $125 million. Im pretty sure the minimum size for the first commercial plant will be 50,000 metric tons.
I've done some research on the pilot plant. Public records and a search of the local municipality where the pilot plant is located provided me with permitting and engineering data. I have linked the drawing with one of the engineering firms Robert Odle hired months ago. Based on my analysis the pilot plant is moving along well and we might be closer than what most are thinking. When I saw new hires to begin first part of January it seems like they will be the crew turning on the plant after construction is complete and the permitting is indicating that based on my experience. Based on the information you can publicly find I hope Sam would just release where the pilot plant is located. Has anyone ever heard about looking up a penny stock to find some random shed in a field listed as the headquarters. Western Mag should be proud of their location choice and proudly show that this is more than a shed in a field. I will refrain from posting an address in hopes there is a press soon. "Frequent and regular press" is what this company needs.