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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 > 2023 MARKET FORCAST RUBIDIUM PRICES
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Post by Wangotango67 on Jul 08, 2023 2:33pm

2023 MARKET FORCAST RUBIDIUM PRICES

2023 - 2029 Rubidium market expected to grow by 4%

In 2019, the market price of 99.75 percent rubidium carbonate, the most extensively used rubidium compound, was around US$ 57 per gramme (around US$ 5,700 per kilogramme).

This is hundreds of times more expensive than the price of lithium or potassium carbonate.


Rubidium is used in quantum computing.


FULL REPORT
https://www.stellarmr.com/report/Rubidium-Market/1192

$5,700 per Kg = $5,700,000 - tonne usd

0.36% per tonne ( GC claims )
= 7.9 lbs per tonne

278 raw tonnes @ 0.36% = 1 tonne Rb ( hypothetical )
based on 2022 GC assays from rock chips

A small outcrop 70m x 20m x 20m x 2.6 ore weight @ 0.36%
would produce staggaring = value.

One would think the jr would be camped out on GC with
xrf and portable drills advancing GC like no tomorrow.
Ugh.



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