Western Magnesium Corp V.WMG.H

Bottom in place?

[KonnectTheDots]

.15 open is a good sign.
Not any chatter about the evaluation lately.
That should be coming soon, maybe by month end?
Fingers crossed.
Peobably won't give a huge bump but just maybe stabilize between here an .20.
The other news that needs to be happening soon is about the Ohio plant.
We are almost halfway through August, 2023 not far off.
If they plan to build next year as they have stated then they should be well into permitting, enviro studies, lining up financing etc...

Appologies for interupting the family feud.

[MAGA2024]

This post has been removed in accordance with Community Policy

[AucontraireII]

I am starting to think / fear that maybe the need for magnesium is overrated. What if our premise that if they could produce much more magnesium it would be in high demand, is wrong? Maybe China only produces their supposedly 1 million metric tons per year because that's all there really is much demand for. I mean this is China after all, they could produce 10 or 100 million metric tons just

[RawSienna]

Yes, you may be right about the justified price. Never underestimate Chinese technology either, from the papers I've read they are well on their way to producing "greener" magnesium too in both the same way WMG has planned and the Alliance methods and probably a few of their own. They have some where around 200 plants with just a handful of majors ATM, but the smaller and mid size

[RawSienna]

Has there ever been any feasibility or pre-feasibilities studies released by WMG?

[KonnectTheDots]

Looks like this article had some effect on WMG sp: Magnesium Prices Are Falling And Western Magnesium Stock Looks Like A Sell Nov. 09, 2021 8:32 AM ETWestern Magnesium Corporation (MLYF), WMG - China is cutting magnesium production in a bid to clean up its air ahead of the 2022 Winter Olympics. - As a result, the price of the metal soared in September. However, it’s been declining even