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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 Apr 16, 2023 2:36pm
164 Views
Post# 35397464

JUST GOLD -

JUST GOLD - I  was reviewing a few satalite maps - 
looking for a - water source - even a creek.
There's a few...

Though it would be nice to see if there's moly
continuity in the ores, espacially a second take on
- lead and grey ores -  but.... i asked myself...
could a small gold operation function with 500/t day ?

  It would have to depend on -
- mapping the ore body to ensure - 500/t a day
- perhaps prestart with stock piling ( buffer )
- guaranteeing the 500/t each day with solid 5/g tonne.
- carve out - 180,000 tonnes / best zones

- lots of used mining equipt out there - cheap
- crusher
- milling maching
- gavity water separation / shaker tables

- one would need power ***

- it is my own belief -
  projects with nearby water will be the most sought after
  for mining projects.
 
- cheaper operations
- green mining


   Have creek water nearby ?
- pump it to specified site operations -
- filter it -
- use solar or... minumal diesel fuel
   to function this - low cost / low energy hydrogen generator

HOW DO YOU MAKE HYDRGOEN
Here's a quick video showing how a small hydrogen generator cell
can prodcue 38/L of hydrogen every minute
= 54,720 Liters of hydrogen in a 24 hour cycle.

DRY CELL - 38/L per min = 54,720 L per day
https://www.youtube.com/watch?v=4lrBcof0d-0

That's alot of hydrogen in 24 -  hours.
More than enough power to funtion al lthe equipt in a remote

Your in business.
Power is a huge - obstacle for miners -
many projects have superb gold grades yet....
power to the site is... too costly to connect to grid.

Which is why....
i have written several posts on...
producing green energy using hydrogen.
Nor much water is needed.

To put into perspective -
1 liter of hydrogen can function a small ev vehicle
upto nearly.... 100 km.

Energy in  VS  Energy out
With hydrogen ( splitting water )
the enrgy with in the water equates to -
2/3 hydrogen to 1/3 oxygen.
it's a doubling of energy.

One could even cheat and use diesel power generators
to initiate a good supply of hydrogen in storage tanks

Once enough hydrogen has bene accumilated
one could draw from this stored energy to
function a small electricla gen to link into - hydrogen water splitter

And... have ample hydrogen left over to operate all other
machinery.

Now.... one is jet set.... only pulling hte gold out. 
all waste ores remain behind.
One wuld not need all the expenses of, heavy mining trucks.
No need to reinforce roads to accommodate mining trucks.
80 oz;s a day... driven out on a 4 wheeler...wink.
off to refine for melt - high purity.

The wild card here is...
What if.... more than 5 grams per tonne could be achieved ?

Many of the reports...
Often mention - 2/oz of gold per tonne.
Not sure if they were sniping, or high grading....
But my goodness....

If one could carve out - 500/t day - for just - 1 year....

500 tonnes
x 360
= 180,000 tonnes

It's a really good idea....
if one could obtain a small mining permit
and capture this exception - gold market with $2000/ oz
even but for a year... 
one could set themselves up for another project...
like the silicon, or magnesium.

How efficient could it operate ?
These high grade gold zones seem to be well known.
meta volcanics...

yet.. .one anomaly of, 
they did find high grade in the skarns.


could they do it for - $800 - $1000 oz ?
leaving $1,000 oz profit |?

28,800 oz's
x $1,000 usd
= $28,800,000 mil / usd
x 1.36 cdn conversion
= $39,168,000 mil / cdn

No.... let's compa this small scale gold model
with.... silicon metal - yeah... big diff.

Right out of the gates with... silicon.
the huge expense for - furnace.
and the $30 - $40 million gross profits 
are chewed down from the intial furnace costs
and mining costs whittle more of the profits

A small gold project using hydrogen onsite
could prove all the more profitable keeping the
majority of profits in hte juniors pockets .

Again... throw the wild card into the mix...
what if they could doube the grades to 10/grams a tonne ?
$39/mil could jump to $78 million / cdn

No outside mill needed.
No partner.

Small enough for one junior to handle.
Far lessor funding to spark up mining than silicon.
With... far more profits and a wild card of more grams 
per tonne could be amassed... vs - silicon grades + tonnage...
its a set profit...


Question becomes...
would the Hieno + East ridge have the 180,000 tonnes
already zoned - ensuring the tonnage was there with the grades ?

If this were ever possible...
it would reestablish this junior on hte right path.
providing they - placed all profits - into the bank... lol



Cheers....


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