Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 > TONNE, RESERVE, CONTENT, GRADE, PURITY
View:
Post by Wangotango67 on Dec 01, 2024 9:21pm

TONNE, RESERVE, CONTENT, GRADE, PURITY

1966 - BAYMAG
1966 and diamond core drilling in the early 1970s proved reserves in excess of
50 million tonnes of high-quality magnesite ore.
https://www.baymag.com/about/

That's ------> Magnesite  ORE  ( not extracted mineral )

1990 - BAYMAG
17.6 million tonnes averaging 92.44 per cent magnesia in the calcined product
(Fieldwork, 1990).


Tonnage switches to Magnesia
Magnesia Formula
Mg(OH)2

1 extra  O    2 extra  hydrogen     vs    MgO

Hydrogen weight = 1.007 u
Oxygen weight = 15.999 u

Mg weight = 24.305 u
MgO weight = 40.304 u
Magnesia = 58.317 u

So....
1966 - 50 million tonnes ore
1990 - 17.6 million tonnes magnesia ( added weight )
Current webiste - deposit contains magnesite reserves in excess of 50 million tonnes.
^  ^  ^
There's a diff between raw ore and reserves, right ?

Did extra drilling prove positive ?
Or.... drilling wasn't so good ?
Hard to find info on this subject.

Can Baymag mine all ore ?
Or.... are they inhibited by scaling benches further up mountain or... river nearby ?
Or.... have mined high grade magnesite zones and are into.... dolomites ?


Current tonnage mined per year ------> 150,000 tonnes using 3 calciners
1990 to 2024 = 30 yrs of mining

Just how much tonnage raw  or  reserve  or  magnesia reserve is remaining ?
Why post on website 1966 50 million tonnes  ore ?  ( history yes... but ? )
Why not use current figures ?



---------------------------------------------------------------------------------------


92.44 per cent magnesia in the calcined product (Fieldwork, 1990).
vs
MgO contents of more than 97 %.

Contents.....  it a grade after calcing ?
Or.... should it be a purity value after ( LOI ) calcing ?

If Baymags deposit is Magnesite = MgCO3
Their..... magnesite has the carbon and one oxygen loss during calcining.
Perhaps more of a purity figure  vs  grade.
An opinion.

---------------------------------------------------------------------------------------

Big Questions ?
Why has Driftwood seen resistence ?
Why has West High Yield seen resistence ?

Did you know MGX Driftwood is the East zone ?
MGX also drilled west zone..... not much info on this drill stepout extension )  hmmm
Source Driftwood  43 101

West drilled extension is like a sneak peek -----> knowing how much more deposit extends.


Cheers.....



Be the first to comment on this post
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities