InvestorsHub Logo
Followers 82
Posts 5913
Boards Moderated 0
Alias Born 09/03/2009

Re: mKpeele post# 1

Thursday, 10/19/2017 11:54:49 PM

Thursday, October 19, 2017 11:54:49 PM

Post# of 42
New investors looking at Mag One may want to watch the most recent CEO interview. Some highlights about Mag One include the following: The Magnesium demand has been constantly growing. Everyone is relying on China and paying high shipping costs. The tailings are already on site and ready to go with on site rail and roads as well as cheap power in Quebec. The Quebec Gov't wants to support the company's initiative and paid for half of the first pilot plant. The pilot plant was built after demand from Tesla & Magna who are interested in an agreement but wanted to observe results from the pilot plant. Continuing demand from other off-take opportunities has resulted in a second pilot plant currently near completion. The mine is close to a work force and is not in a remote location. It's only 30 miles to the US border. The new production technology is game changing and is owned by Mag One making it cheaper than steel yet just as strong yet 68% lighter. They produce magnesium oxide at 99.9% purity the highest grade as well as magnesium metal, silica, iron, nickel, and magnesium wall board. Currently 100% of the world's magnesium wall board is made in China and this is another game changing advantage since the current global demand is 90 billion sq feet annually. Mag One also owns Mag Air Battery and is working on some possible off-takes. The goal is revenue starting to flow by the end of 2017.

BEING A CONTRARIAN IN THE MARKETS MAY JUST BE YOUR SINGLE BEST MOVE IN ANY MARKET. IF THEY WANT YOU OUT THERE IS A REASON.