Magnesium Alloy Corp. (MGAC.U - Cdn unlisted) Message Board

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Gold/Mining/Energy : Magnesium Alloy Corp. (MGAC.U - Cdn unlisted)

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To: GlobalMarine who wrote (27)	7/7/1998 7:25:00 PM
From: Ron Everest	Read Replies (2) of 103

Rand My read on the resource is that there is ultimately 800 billion tonnes of mineable ore of which 300 billion tonnes has 8.5% contained MG with thicknesses > 10 meters. That equals potentially super economic thicknesses which could yield up to 25.5 billion tonnes of Magnesium. I have seen other numbers up to and exceeding 10% MG for some areas of the deposit. These would likely be mined first. Now, 25,500,000,000 tonnes of MG is one large amount of MG. I had mentioned to Sally Burton previously that quoting the 800b number is not viable as the >8.5% thicknesses are the relevant resource. At 1 million tons of production (or 10 x more than they are contemplating in phase 2) we will all be long gone as that amounts to 25.5 thousand years production at 1mm tonnes MG per year and if you reduce that to 100,000 tonnes MG per annum it equals 255 thousand years. All of these number s become ridiculous. There is simply an unlimited supply. I don't have a fax, but am on the mailing service of MGAC.U and hopefully they will send out the article. Did you receive it from MGAC.U ? Best regards, and thanks, Ron Everest

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