Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Jul 19, 2022 3:47pm
74 Views
Post# 34835355

MAGNESIUM SULPHATE - FERTILIZER ?

MAGNESIUM SULPHATE - FERTILIZER ?1.4 BILLION / mag sulfate market by 2030

The global magnesium sulfate market is projected to grow from $881.6 million in 2021 to $1,423.8 million in 2030 at a CAGR of 5.5% in forecast period

Read More -

https://www.fortunebusinessinsights.com/magnesium-sulphate-market-104119


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....


<< Previous
Bullboard Posts
Next >>