Replies to post #592 on 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.

[Azzzx]

I know that a lot of people (including myself) hate the drilling exercise that MGX is performing, but if you look at the content reports from these drills, you can derive with some reasonable numbers what the Lithium content might be for a barrel of water. In my posted calculation, I believe I did a very low value estimate. Once MGX starts tapping into these wells, the tonnage per month per each unit should be several times over what I estimated. That's, if I am not mistaking, is the REAL excitement for MGX investors.