RE:RE:Magnesium demand. BC Government. Canada.Expecting a number of NRs of significance although not sure of the timing:
- environmental permit application submission for initial mining at 0.25Mt/a (overdue)
- offtake agreements for raw MgO crush sales starting 2022 summer (permit pending)
- pilot processing plant arrangement with government funding (green initiatives)
- offtake agreement for pilot production of Mg, silica and other products
- offtake agreement for long term production agreement (NA or Euro) to marketing arm or end user
- commercial partner(s) for processing facility or byproducts facilities
- significant contracts for raw MgO mining, monitoring and pilot plant EPCM
- cash offer for the company (always a wild card)
- gold stockpile reclamation update from prior mining
- farm out partner for the gold assets to exploit the older mines
Once we see a couple of the above, then you can expect a substantial cash raise at a much higher SP. Ideally the cash will come from a strategic shareholder with a vested interest and adds a few much needed board seats. Otherwise the firms will be salivating to offer broker funds once the line of sight to development is a bit more clear.
Should be a fun ride over the next 3 to 5 years. Last chance to enter cheap is nearly upon though not many investors share my enthusiasm ... that will change soon I hope.
I see this as risking $1 to make $20 to $50 with a fair chance of success. I have been wrong before but been right more than a few times as well. I bought in at $.16 to .20/sh for full disclosure over the past year. This is one of my larger holdings.