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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 Oct 31, 2022 1:49pm
158 Views
Post# 35060686

ORE SORTER

ORE SORTER Another idea to streamline the mine process is introducing an ore sorter.

I' just checked a few prices out of China.  DBM - is all over the map in prices.
This is due to grade - 90 % - 99+ %.

Low grade ( ORE ) unmilled - can fetch $490 - $690 usd

Middle of road price -
$590/ usd

Question is put forth -
could an ore sorter achieve a 90% grade ?
would it have issues distinguishing between -  grey, white, brown, yellow, colored - DBM ?
or, could an ore sorter be tweaked to single out each ?

could an ore sorter also detect - nickel + titianium credits as ore passes by the opticla eye ?
if it could - it would provide a rough calculation of additional secondary credits -

If the above format was feasable -
One could potnetially eliminate much of the capital costs -


CAPITAL COSTS
$235,900,000  ( total sum )
- 108,000,000  ( calcining plant )
-   39,300,000  ( contingency )
-   27,700,000  ( processing plant ) 
-   15,900,000   ( indirects )
-    14,400,000  ( epcm ) 
-     7,100,000    ( owners costs )
     3, 800,000    ( plant site ) this could be erased - while 37.7 million allocated to Plant
= $216,200,000 ( saved )

  $ 235,900,000  original
- $216,200,000 savings
= $19,700,000 ( capital costs )


Lease ore sorter
I allowed $10,000,000 million for - crushing milling plant 
taken off of - 37,7 processing

8,000,000 tonnes ( THIS TONNAGE WOULD INCREASE ) whole ore being sold
X $590 USD
= $4,720,000,000 ( BILLION ) USD
= $6,136,000,000 ( BILLION ) CDN


Why choose this route ?
Simplest route.

I figure - China's - magnesite deadburn ore - would have the co2.
If raw ore - the co2 would still be with in. ( see link below )


MINING COSTS
$60 / TONNE ( increased form 2016 figures ) double
$10 / TONNE - ( MINE TO PLANT )  stay onsite - errect quanset buildings - portable power
$30/ TONNE - PROCESSING - simply crush amd partial mill to desired rock size 
= $100 / TONNE

  $590
- $100
= $490 / TONNE PROFIT ( LESS SHIPPING TO BUYER ) have them pay for shipping - wink.
x 8,000,000 tonnes
$3,920,000,000 billion  usd
- 158 million shares
= $24.80 share

For every additonal mineral credit found - could act as a " bonus "  for purchaser.
Or... bonus for - owner operator.

If it were me... i'd be performing a few more assays - high end -
looking to see if any nickel was bonded to the - magnesium or, dependent on own ?
checking the - titanium percentages - are they - consistent @ - 0.07% avg. ?

PEA - DRIDTWOOD
https://apis.mail.yahoo.com/ws/v3/mailboxes/@.id==VjN-5QiH52KGhJJafvgCjwmzVF72v8JvbmsrnIdTvAMeA9MSO1o-idfBnsll3s9AMp2LsVOAykft_OCWIB6Ledswcw/messages/@.id==AHwYXYpD0Om2Y18YTw1lsCUOIWg/content/parts/@.id==2/thumbnail?appid=YMailNorrin


MAGNESIUM DBM - ORE
https://www.made-in-china.com/products-search/hot-china-products/Dead_Burned_Mgo_Price.html


Another way of looking at the deposit -
Simple - Flintstone operation using ore sorting - if applicable.


The irony here is...
Small junior  jumped on industiral minerals - when market didn't know they'd be valued.
Turns out - Industrial minerals are now proving to be - valued metal / energy minerals.
lol



Cheers....

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