MGX Minerals Inc (MGXMF)

[Azzzx]

where did you get the numbers

1lb per 55 gals
$16k per 2200lbs

I am ONLY estimating on what might be (tonnage, etc.) on this first installation of the commercial-scale 750 barrel per day (bpd) system. Since they are processing brine from multiple customers, it is impossible to determine how much Lithium might be in one barrel since each customer will certainly have a different concentration of Lithium. Therefore, I used a guess of 1 lbs per barrel of water.

For market price of Lithium, do your own search to confirm the price. A metric ton is 2200 lbs. Market price is $16k per metric ton.