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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 > 10,000 tonnes
View:
Post by Wangotango67 on Dec 12, 2023 1:52pm

10,000 tonnes

Some provinces allow for, - bulk sample test mining.

If MGX knew where the best grades of Rubidium were
such as, G J Simandl knew.


10,000 tonnes x 1/oz  Rb
= 10,000 rubidium ounces
x $3000/usd ( minus $600 cost )
= $30,000,000 million

Quick way to self finance future larger project.

One would focus on, financing - 10,000 tonnes
Then.... scale up.

How easy would that be...?
Just pull the rubidium - stock pile the magnesite.

Divide Driftwood into 3 zonations
= 3 ( 10,000 tonne ) bulk samples


Cheers



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