MAGNESIUM SULPHATE - FERTILIZER ?1.4 BILLION / mag sulfate market by 2030 Let's now factor in, 1 - Europe's alliance to reduce dependency on Russian,
fertilizers, gas, oils....
2 - USA, and North America reducing dependdency on China.
Yes... usa does export but also imports lots of
magnesium from China.
3 - World farming crisis andthe need of fertilizers.
What's the going price of - magnesium sulphate fertilizer ? The global market of magnesium sulphate is currently valued at around US$ 610.2 What does a
50/lb ( bag ) of magnesium sulphate cost ?
Some magnesium fertilizer bags run well over the
$40 / range./ usd
https://www.siteone.com/en/018300-magnesium-sulfate-epsom-salt-ag-grade-50-lb/p/4833
$40 usd =
$50/cdn Epson Salts -
900 gram bag sells for,
$27/sm bag USA - is a major importer of this sort of product.
How many - 50/lb - bags are there in a metric tonne ? ( 2200 lbs )
= 44 bags
What does Driftwood have with in it's ores ? Magnesium Carbonate
Aluminum
Calcium
Iron
Sounds like an ideal ffertilizer blend -
convert all - to sulphates.
What if the junior sold 50 pound bags of fertilizer - themselves ?
Ya know... the small farmer market is quite large - and growing - given current circumstances.
What if a good $30/bag profit could be captured ?
44 bags bags x $30 ( clear profit cdn )
= $1,320/cdn
8.3 million tonnes converted to Mg carbonate = add an extra 25%
= 10, 375,000 - mt
25,000 tonnes - processed per year -
x $1,320
= $33,000,000 / mil / yr / cdn
= 415 / yr mine life
50,000 tonnes - processed per year
x $1,320
= $66,000,000 / mil/ yr / cdn
= 207.5 / yr mine life
My hunch says...
If... Europe and North America cuts their dependency on Russian and Chinese fertilizers...
it could bode well for others with the important fertilizer salts. Fertilizer prices could also increase.
In mining.... sometimes taking the easiest route to success, is best.
Verus - finding a suitable tech that so many others are vying for.
Driftwood has a high 43% grade.
Now... the numbers above could be quite modest -
Most Magnesium sulfate fertilizers only have - 9 - 12 % Mg with 12.9 % Sulphur.
Which suggests - the sulphur and perhaps other constituents comprise the majority of the recipe while Mg only comprises - 9 %.
Could stretch the deposit out all the longer -
more resource = more mine life.
If one compares a Mg deadburn - out the door vs magnesium fertilizer - i would say,,,
fertilizer would have a better success in the farming industry vs construction cements that could go south in a down turn - recession. Look how the commerical markets are not expanding - while - foods are needed as priority.
EXAMPLE - ingredient percentages ( on side of bag ) I would bat one eye... if the junior jumped into fertilizers.
It's an ever growing market.
if one factors in the
phosphate nightmare...
I'd say... Mg / sulfate would be a god send for the crops.
Phosphate has done some major water run off damage.
What do i find rather interesting ? Seeing WHY resources drop exponentially.
Could it be an indicator something is stirring in the North American markets - fertilizer industry ?
Think like Gov'ts - lol.
Which reminds me - someting very sinister is in play - MEXICO IS - NATIONALIZING IT'S- LITHIUM. I hope this lil junior doresn't play possum too long - and thinks clearly -
UN + Gov't + First Nations + Stakeholders - are also on the move.
Here in Canada... emergency acts, critical minerals, emergency infastructure bills.
Each can play a part in.... wanting the resources.
Hence - if you sit too long - it could be snatched under critical energy needs.
I'd rather the junior
sell the resources than sit and wait for - higher metal prices.
Hate to see... another missed park avenue or should i say... boardwalk.
Mexico's new lithium law as violating trade deal
https://www.reuters.com/world/americas/business-group-blasts-mexicos-new-lithium-law-violating-trade-deal-2022-04-27/#:~:text=MEXICO%20CITY%2C%20April%2027%20 --------------------------------------------------------------------------------------------------------------------------------
BATTERIES - LEAD ACID -
I did come across another article on, reviving lead acid batteries. The trick... draining the acids ( with caution ) and replacing it - boiling water till distilled and adding epson salts till fully saturated - ( concentrate ) - some commentors said the battery worked as good as new -
i do not recommend doing this to your battery. Too many clutzes out there... lol
Epson salts = Magnesium sulphate.
Another article did state - magnesium sulphate did create a high charge electrolyte.
But... i would say, most pilot tersts are using the wrong - anode / cathode.
They sem to run into the fouling of the anode - and - problems with redox - no oxygen.
Which - does suggest, oxygen is a key player in the - ionization - just as i suggested in former posts - oxydation has something to do with transfer of - oxygen electrons Metal oxidizes and with each oxidation - electrons transfer. Perhpas why a lead acid battery works so well, it oxidizes - soft metal - but over rime fouls. Why not incorporate filters - or - small pumps with in that tap a portion of the juice and cycles the acids removing the oxidation ?
Glass / or / stacked glass with copper is quite intruiging .
I wonder if another chose - cubic zirconia with similar model - to facilitate a patent -
could qualify as - sometihng different - meeting the criteria of - unique - as most patents so require.
Cheers....
.