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Bullboard - Stock Discussion Forum Western Magnesium Corp V.WMG.H

Alternate Symbol(s):  MLYF

Western Magnesium Corporation is a producer of green primary magnesium metal. The Company is focused on plant operations and magnesium production. It uses a continuous silicothermic process to produce magnesium with low labor and energy costs while generating minimal waste and toxic by-products. The Company's technology eliminates inefficiencies and allows for a continuous, mass production of... see more

TSXV:WMG.H - Post Discussion

Western Magnesium Corp > Hope you are right....
View:
Post by Skeg33 on May 29, 2021 2:33am

Hope you are right....

Sorry to be pessimistic but...... 1, another private placement.....2,  a site to store an idea(no plant that is proven to be scalable)?.... 3, another massive finance deal that goes nowhere ? Except maybe a alleged lawsuit? 

like honestly what is the point of a commercial site if it doesn't work? I mean awesome to be prepared but without a proven system this is nothing . 

I suppose with the releases mentioned that buys them another year? Just saying what I imagine a lot of long term investors are thinking.

Comment by Executer99 on May 29, 2021 10:04am
Finally somebody with common sense 
Comment by stockprobe19 on May 29, 2021 10:51am
I beg to differ, WMG has already proven it to be scalable with the previous mini furnaces years ago. The one they are building is a much larger one that will produce Magnesium at the end of the year. Honestly do you thing someone will give you millions of dollars without proof of scalability? Watch from the sidelines as this long journey we were on finally transforms into another magnificent ...more  
Comment by KonnectTheDots on May 29, 2021 11:09pm
Great news that this is finally happening. Just curious SP, if this is true, I beg to differ, WMG has already proven it to be scalable with the previous mini furnaces years ago. Why has this taken so long?
Comment by stockprobe19 on May 30, 2021 10:45am
Just my thoughts on that. Building a mini processor is different than a larger one so designing it where now every detail has to be perfected. I don't know the cost of that but lets say it's several million dollars. You need to be sure every part of the design is functioning as it should be. Being a first time model all parts need to be molded and formed from scratch. Maybe some parts can ...more  
Comment by Thebigbully7777 on May 30, 2021 8:41pm
This post has been removed in accordance with Community Policy
Comment by stockprobe19 on May 30, 2021 9:57pm
Klang I know the analogy was a little to deep for you to comprehend
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