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MGX Minerals Inc MGXMF

MGX Minerals Inc. is a Canada-based diversified resource and technology company with interests in advanced materials, metals, and energy technologies. The Company’s portfolios include Magnesium, Silicon, Lithium, Gold, and Silver. Its Magnesium projects include Driftwood Creek, Marysville, Red Mountain Group and Botts Lake. Its Silicon projects include Gibraltar, Koot and Wonah. Its Lithium projects include GC and Petrolithium. Its Gold projects include Heino, Tillicum and Fran. The Driftwood Creek project is located approximately 164 kilometers (km) north of Cranbrook, British Columbia (B.C.). The Marysville magnesite project is located approximately 12 km (7.7 miles) south of Kimberly, BC. The Red Mountain-Topaz-Cleland magnesite property is located approximately 50 km south of Golden. The Botts Lake magnesite property consists of claims approximately 50 km south of Golden, BC. The Gibraltar project is located approximately 95 kilometers northeast of Cranbrook, BC.


GREY:MGXMF - Post by User

Post by Wangotango67on Jun 10, 2022 2:48pm
191 Views
Post# 34747948

GREAT COMPARISON ?

GREAT COMPARISON ?Cost of buying one's own equipment to produce 16,000 tpy of magnesium
VS
Cost to outsource the refining of 16,000 tonnes of magnesium using someone elses equipt.
Far less costly. End game = having the magnesium or silicon ( metal )  in hand without purchasing equipt and using hard dollars to fund the hydrogen capture equiptment. Such a process of producing hydrogen could put the ( gas companies |) to shame when one considers that co2 must be dealt with vs matal reaction with salt water = no, co2. Cleaner production.

Profits from 16,000 tonnes of magnesium per year
VS
Profits from what 16,000 tonnes of magnesium or silicon could produce in hydrogen and the added benifits of unhydrating the metal hydroxide to reuse over andover to produce al lthe more hytdrogen . What could 1 kg of magnesium or silicon reacted with salt water produce in hydrogen ? There's the formula needed to compare with just selling the metal - end profits.

16,000 tonnes of magnesium ( mined and gone ) on wolrd stage
VS
16,000 tonnes and how much hydrogen it can produce - used as a reactant.
If done correctly, Hydrogen + Oxygen could be produced.
Far less costs involved than say.... purchasing mine equipt.
Hydrogen commands some serious $$$$$ and is an ever growing market for vehicles.


In my minds eye,
one could pull 16,000 ( metal tonnes ) and work the 16,000 tonnes over and over - producing mega amounts of hydrogen vs depleting a resource which ends up on world circuit in another's hands. Onefer payment vs indefinite based on using metal over andover as reactant.

Simply quarry the resource.
Crush and ship to refiner, melt the metals ( contracted )
Ship back end prduct of, silicon metal or magnesium metal.
Place real hard dollars in hydrogen equiptment.
Link to hydrogen pipeline grid.
Or, stored in transportable refer tanks for shipment.


Smart junior would contimplate this idea.

Cheers....

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