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Bullboard - Stock Discussion Forum 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... see more

GREY:MGXMF - Post Discussion

MGX Minerals Inc > FINAL ASSESSMENT -
View:
Post by Wangotango67 on Sep 29, 2022 4:10am

FINAL ASSESSMENT -

FINAL ASSESSMENT -

Our issue is....
Junior chased - clean high grade magnesites - ( MgO )


If we take the - straigraphy image -
on page - 43 - pea report -

https://www.mgxminerals.com/_files/ugd/b0543a_3effc1909dcb44a78a001901ce9cd4cb.pdf

Instead of looking at it going down hole -
place the columb horizontal - Now lay it over the - driftwood.
Magnesite lense is thin.
Left and right sides of depoist at  surface - have al lthe other lenses in a sandwich.


If we now look at where the the driftwood ore body is.... 
It now makes sesne - that the drills hit magnesite - at surface.
Drill's - prove this.

Therefore - this supports - horizontal lenses at surface ( sandwich )
with several lenses on either side of the magnesite silver ore body .

Our issue ?
Only the magnesite - sanfwich lense was drilled out -

If we still have a visual of the straigraphy columb in our minds -
the dolos and purple zones would be adjacent on left and orange zone on right... at surface..

Which means.... if any ree's were present in the - current drill logs -
they may not be with a high ree values.
TBD. (  to be determined on reassay ) if junior will do so.

If ree's are in the 2001 assays...
It would be nice to know where the chip samples were taken by, Klechuck.

PAGE - 69 -
Is an important image.
Here we can see the - ore stock pile.
Well away from the - main east and west ore bodies.
Now dependent which way one places -  the straigraphy columb - horizontally....
Let's ask the question - could - the purple zone be in the stock pile area on image map ?

Analyze the strigraphy colum again....
It would match the - dolos seen on left and right side.
And that would place the puprples and orange zone in between -
The middle zones... while the dolos flank on either side.


Secondly....
Stock is sitting at a - nickel....
Driftwood current resource - 8 million tonnes of MgO
IS NOT AT ALL BEING RECOGNIZED.

Sinking more holes aside of the magnesite deposit looking for ree's....at this price....
might really damage the share structure.

And there's the CRUX  of the matter.
Sitting duck....

Stock bottomed out - 8 million tonnes of MgO.
Deposit should have been modelled with at least a - magnesium carbonate.
Using different extraction methods and perhaps, conversions.

Tonnes of dolomite flanking left and right - with colored sequences.
No ree's ever checked going forwrd of - 2014 - with a history of associates - who are well aware of, ree's in dolomites.

Junior off yonder - chasing green horn claims - with....
Ree's....lol

You can't make this stuff up.
lol


What should shareholders do ?
Ask junior to test driftwood for ree's ?
Of course... but will they ?

What if hte ree's are not that good with in the - magnesites and...
far better in the colored shales or dolomites ?

AND... if my theory of the stratigraphy columb is correct -  horizontal and not vertical -
It would mean the lenses are all sandwiched at surface - easy to get at.
A simple test of the colored zones would be the best move.

If....ree's are are present - it might help the stock value.
with a backing of 8 million tonnes - mgo.


- test cores ( quality hand held  XRF  designed for ree detection - there are diff kinds -
- test surface colored dolos + shales  ( pink, blue, purples, oranges, reds, blacks greens ) 
- revamp pea - with magnesium carbonate ( $1100 - $1500 cdn ) per tonne
- drop other claims( not needed ) focus just on driftwood. ( conserve shares )
- bring it home for shareholders BEFORE shtf overseas....
- hence, maybe selling it is best with an ree kicked in as bonus for buyer..
- does this junior know how to shift it in - 5th gear ?.



Cheers......

Done.. .with this subject.
Comment by sapporostan on Oct 02, 2022 10:40am
67- can we , assuming very conservative, normal, and desperate buyer estimates, come up with a market price per share if Driftwood was sold based on current magnesium prices?  The detailed anylsis of Driftwood, is having other key mineralization, etc not withstanding, it is important to remind current syockholders just what real value each share contains or represents.  the discussion of ...more  
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