MGX Minerals Inc (MGXMF)

[drobx]

I watched the video. I hadn't really known much about the magnesium mine before, so I learned a lot there. The permit they got allows them to basically extend their "sampling" or whatever you call it of the property, which would hopefully increase the known deposits. Apparently they screwed something up in the past and this caused a big delay in the permit. He said that a mine in North America can not compete on price with the existing foreign producers. It would take tariffs and maybe a government subsidy to be competitive. The subsidy would be justified because the resource has some strategic applications. I also noticed that he referred to mining as their core business, which is interesting since it's been pretty much all about the water processing since I've been here.

As to the water, I think it was said that one facility started processing in July (though I can never tell if it is really happening, or just some further test phase is taking place) and another thing will start in 2 months.