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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 > WMG AT THE PRECIPICE OF BECOMING A WORLD CLASS PRODUCER???
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Post by stockprobe19 on Jun 14, 2021 9:07am

WMG AT THE PRECIPICE OF BECOMING A WORLD CLASS PRODUCER???

SJ, so realistically if we are producing fully tested pure magnesium in the next few months or less WMG status as a resource penny stock changes to a first of it's kind in the world innovative magnesium producer. 40 -50 cents is more like the kind of minutely stock price moves you will see starting at a much high price point like the multiple dollars or even 10's of dollars. I don't think people realize just how close that reality really is. How do you put a value on "technology's worth"   when this process is non existent at the moment? In this world where technology is getting rewarded in unprecedented ways the sky is the limit. People open your eyes WE ARE SITTING ON THE EDGE OF A MAJOR BLAST OFF!!! Sorry if I'm getting a little excited about this company but it's hard not to see the place we are headed.   
Comment by AucontraireII on Jun 14, 2021 10:34am
Just keeping it real SP, but I don't think we are on the edge... maybe the edge is within sight finally, but we are only doing sample size production and processing certification in the near future. The real deal is when we go into full production which indeed could be grand, but not until 2027 at least ...that is what I recall them saying in a recent press release. So let's keep it real ...more  
Comment by Executer99 on Jun 14, 2021 11:32am
2021 - 450 million share count  2027 - sorry...my calculator doesn't go that high 
Comment by StockJockie on Jun 14, 2021 12:57pm
Aucon, WMG has picked and signed for their commercial site with everything done to just install a furnace. There is no way we are delayed to 2027. Based on what I'm hearing the commercial site will be running 12-18 months from now. Sam even said the pilot plan was built to make minor upgrades and it will crank out 100,000 metric tons. Simply moving it to the commercial site and firing it up ...more  
Comment by AucontraireII on Jun 14, 2021 6:02pm
OK SJ, very nice...I welcome that information as that would put us way ahead of where I was thinking we'd be by year's end. Producing and selling would definitely be a strong message to the market. Thanks!
Comment by StockJockie on Jun 14, 2021 6:27pm
Let's be honest, we won't see 100,000 metric tons per year but simply "selling" any magnesium would definitely be an indication on what is to come.
Comment by Griasdeng on Jun 14, 2021 6:48pm
Oh, i already thought you re really some sort of a pumper SJ. But this message prooves that you still sceptical about some things about WM. And so you are not a pumper. Which is for me the best News i've read here for a while :))  
Comment by stockprobe19 on Jun 14, 2021 6:48pm
A11 I don't think you realize the transition WMG is at. MOVING from a resource penny stock to a producer is a huge step. Not just that but having the technology  to being the only producer of green Magnesium is an even bigger step, it's a leap forward. This stock being at pennies is a give away now  and when the goods are tested and proven all bets are off. The posibilities are ...more  
Comment by stockprobe19 on Jun 14, 2021 7:00pm
"Just keeping it real SP, but I don't think we are on the edge" Aucon you can't be serious, not on the edge?? Certification is the holy grail of what we have been waiting for. Anyone can be a producer but can they be a producer with the proven green techology that WMG owns? Not. I believe you underestimate the potential here.  
Comment by AucontraireII on Jun 14, 2021 8:20pm
SP, I mainly go by what the company tells me in its PRs which as I recall was full production by 2027.... but that's just me. Yes, crazy of me I know.
Comment by KonnectTheDots on Jun 14, 2021 8:38pm
Most of us wouldn't be here if we underestimated the potential. What has been in doubt these past many years is the probability of this becoming reality. Good news is it appears that we do not have all that long to wait now. It either floats or sinks, it can only be drawn out for so long. It is kind of looking good though for 99% of us here, notwithstanding the 1%. Although I'm sure the ...more  
Comment by StockJockie on Jun 15, 2021 1:15pm
There are somethings people need to start Konnecting the dots, check pm.Read between the lines.
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