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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 stockprobe19on May 30, 2021 10:45am
109 Views
Post# 33293991

RE:RE:RE:Hope you are right....

RE:RE:RE:Hope you are right....Just my thoughts on that. Building a mini processor is different than a larger one so designing it where now every detail has to be perfected. I don't know the cost of that but lets say it's several million dollars. You need to be sure every part of the design is functioning as it should be. Being a first time model all parts need to be molded and formed from scratch. Maybe some parts can be tested before final assembly so it would add to the time frame and cost. If the company was flush with cash it could of been done faster but we know that's not the case. Because of the specific details and functions of the design WMG's technical team needs to be involved throughout this process adding to the costs.  Because this processor is only one of many parts of the process not all funds can be funneled into the design so I can see the time factor happening. Think of this equipment and the massive expectations needed to accomplish the goals of this totally green techology and WMG owns it. Once a completed successful model is made the blueprints to produce many is the easy part. Think of designing a new car that operates completely different than any other vehicle ever made, think of the time frame to make that with limited funds and setting up the corporation to build it and the marketing of the this new product. This is the task of WMG.  
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