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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

Comment by StockJockieon Dec 10, 2020 12:41pm
114 Views
Post# 32077441

RE:RE:RE:RE:Time to make money

RE:RE:RE:RE:Time to make moneyOnce again if someone wants to question someone have the facts correct. Learn some math.

Market price is $2050 per ton. US Mag makes 50,000 tons. That total is $102,500,000.

It's not 50,000 million tones because the world production is only 1million metric tons.

If Western Mag gets to 500,000,000 tons that is $1billion a year in revenue. I know that is a stretch for the next few years but I know I have heard straight from Sam that it can be done. Don't gloss over the fact we are likely weeks away from turning on a furnace to have magnesium.

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