RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:News release. Complete waste of shareholder money Yes Sam looked and sounded very positive, don't think he would put his credibility on the line if they weren't close and he never has until now.
I do disagree with your opinion on profitability:
I'm not concerned about the Magnesium production being profitable because one of the major problems most producers are having is cleaning up the polution caused from the production of Magnesium. THE most important criteria of any business is profitability, bar none, full stop.
If a business isn't profitable it's over.
Simply no way around it.
If it's making it green, competition, or any other factor it doesn't matter.
Lets say it can be made totally environmentally safe but a money loser, just won't work.
The trick is to make it green and profitable.
If either is not met then it's a non starter (and why this has taken so long)
It has to pass EPA regulations to even move to full production.
The only enterprises that can be net revenue negative are,
1. Governments
2. Non profits
3. Communist/Socialist countries
Mining is a good example of business's that if they were made to be environmentally neutral (at least in the past) would never have been given an operating permit.
B.C. taxpayers on the hook for $1.2 billion in mine cleanup costs: chief inspector report
Companies can operate mines in the province without any assurance they can cover the full costs of reclamation activities and a new annual report — which finds liabilities have grown to $2.8 billion — is emboldening calls for regulatory reform
The point being if these costs were charged to mining companies they would never be profitable.
Regulations today are taking remediation of the environment into accout up front but its still not perfect.
Criticism of B.C.’s antiquated mining laws has heightened in recent years, especially following the collapse of a tailings pond at the Mount Polley mine, which sent 24 billion litres of contaminated wastewater into the local environment, including Quesnel Lake, important habitat for sockeye salmon and a source of drinking water. The B.C. public shouldered $40 million in cleanup costs for the disaster and no charges or financial penalties were levied against Mount Polley owner and operator Imperial Metals. I'm not against mining as we need all the products they produce but its not easy to be both green and profitable.
Lets hope WM is.