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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

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Post by AucontraireII on Mar 25, 2022 4:14pm

Elon musk

I was thinking, that imagine if you are running a major electric car company and to add to that a future space exploration/vacation/spacecraft company, and you have the chance to buy a tiny micro cap with a lock on future magnesium production, wouldn't you do it? Wouldn't you jump to do it?! Even if that company required another billion dollars or two of infrastructure build out, and then you owned magnesium production and could sell it, or withhold it, to/from whomever you wanted to... forever...Wouldn't it be worth it? So why doesn't Elon Musk or any of a number of people with a billion dollars stuffed into their couch cushions buy this company? Maybe the question answers itself? I don't know, just wondering...
Comment by stockprobe19 on Mar 25, 2022 4:44pm
Funny you should pick Elon Musk as an example. Tesla has a P\E ratio of 207 . I don't think the company has made any profits. It's built up on massive debt. A solid company has a P\E ratio around 15. Even if Elon wanted to buy  into WMG, he would want total control of the company. Just look at his past partnership deals he had, not impressive. Ithink that answers your questions ...more  
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