MGX website still online -
Driftwood Creek
Driftwood Creek Project is comprised of high grade magnesite which when smelted or calcined can produce three distinct products. These are magnesium metal, caustic calcined magnesia (CCM), and dead burned magnesia (DBM). A comparative economic and technology study by Hatch Consulting (Canada) in 2018 determined magnesium metal produced from Driftwood Creek may be profitable with a global minimum price cutoff of $4,000 USD per tonne, access to the US market and pricing remains a key criteria to profitability. The current price environment (2022) now supports the advancement of the magnesium metal production scenario, which is now the focus of the project. This report remains confidential.
https://www.mgxminerals.com/magnesium
$100 million dollar furnace route ? (
rediculous figures + report kept from investors eyes )
= not fair to investors
= kept driftwood shelved for yrs along with China's control over MgO spot prices.
= BC hydro games
High cost of furnace justifies the advancing of Driftwood.
Low MgO spot prices reinforces justification
But... what if there was a better way ? Less expensive way
At 43% grade per tonne that's nearly 1/2 tonne MgO per each raw tonne.
= rich grade deposit.
VTOL's Magnesium and Aluminum alloys are enmass for ----->
VTOL air vehicles / drones Lighter weight metals / stronger alloys
Catalyst reaction could be best path Driftwood has magnesite not MgO.
MgO in resource size is conveyed as MgO final product.
Calcium Lime CaO ( caustic )
= $55/ tonne ( cheap )
Reaction CaO + MgCO3 ( magnesite ) =
CaCO3 + MgO There's the MgO
Calcium Carbonate
Food grade in USA has been traded at USD 740 per metric tonnes, FOB US Gulf. Source Chemanalyst
Cost of Lime per tonne $50 - $740 CaCO3 food grade
= $690 profit usd Extraction Pregnation solution of Calcium carbonate with mangesium hydroxide
Separation Filter first to separate CaCO3 from Mangnesium hydroxide
Purify CaCO3 --------> food grade
Introduce elecrolysis cell banks to convert MgO to Magnesium Metal
= cell might be designed to form ignot style molds = saves remelting again
Magnesium metal spot prices 17600 CNY
= $2429.33 USD
+ $ 690.00 USD CaCO3 food grade ( lime cost deduction factored )
-----------------------
= $3,119.33 USD Other prices of Magnesium metal
The U.S. Magnesium LLC cost, using a more environmentally sound approach,
is approximately $3.31/kg [7]. = $3300 usd
My figure of $2429 usd is quite modest
2023 · Cited by 4 — Around 80 percent of the world's primary magnesium metal is now produced in China via the Pidgeon method which is based on thermal reduction North America and Europe want to reduce dependency on, China products.
VTOL's along with military needing magnesium metal will see market growth.
What does the outlined formula prove ? - Junior does not need a $100 million dollar furnace rhat would consume large quantities
- Catalyst reaction could be best path - cheaper / more profitable
- Cleverly manages Co3 from magnesite transferring it to CaCO3 profit product
Driftwood Sep 5, 2016 — MGX Minerals Reports Maiden N.I. 43-101 Resource Estimate for Driftwood Creek Magnesium Project: 8 Million Tonnes Grading 43% Magnesium Oxide.
8 million tonnes Mg
x $1000 profit ( $2119 cost to run - all in already deducted ) extremely generous
= $ 8 billion usd
8 million tonnes Mg
x $1500 profit
= $ 12 billion usd
And -------> Driftwood was calculated years prior whereby,
resource estimates were said to be
3x 4x the size with the addition of dolomite zones
Dolomite = 50% Ca 50% Mg
Just maybe the formula mentioned above would outperform the hidden furnace report.... lol
Anyone take a peek at - LBNK price of late ? ( our former out the backdoor brines )
lol
What shareholders have endured with, Brines
Silica
Niobium claims
Fran
= complete disgrace Cheers....