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Re: DanMac post# 590

Friday, 10/05/2018 10:58:26 AM

Friday, October 05, 2018 10:58:26 AM

Post# of 864
The following is a very rough calculation for profit and expected revenue. Please check to make sure my math is correct:

One Gallon of water is approx 8.35 lbs. A 55 gallon barrel of water, the water will weigh in at 55 gallons X 8.35 lbs or about 460 lbs. If one barrel produces one pound of Lithium, then a commercial-scale 750 barrel per day (bpd) system will produce 750 lbs of Lithium in one day (optimistic, but possible). This translates to about 3 to 5 days to produce one metric ton of Lithium. A metric ton of Lithium is $16k. Based on these calculations, every month would generate almost $100k worth of Lithium from one 750 bpd system.

Base on the expected production of Lithium from one unit, I would project that the first saleable metric tonnage should occur within one to two months after one unit goes on line.

If the math is anywhere's near accurate, then MGX has a lot of potential!!!