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Research #3

 

Am Montag verkündete MGX Minerals Inc. die Genehmigung ihrer Bewerbung um eine Minen-/Abbau-Pacht (“mining lease”) für ihr zu 100% im Besitz befindliche Driftwood Creek Magnesium Projekt. Die Pacht wurde vom regierenden Chief Gold Commissioner der kanadischen Provinz British Columbia gewährt und ist anfänglich für 20 Jahre gültig (kann anschliesslich verlängert werden). Eine Minen-Pacht in British Columbia zu bekommen gehört zu den schwierigsten Unternehmungen in der Branche, da die provinzielle Regierung, die Ureinwohner First Nations, Gemeinden (“communities”), Bürgermeister, Umweltschützer und andere; die allesamt die vorgeschlagenen Minen-/Abbau-Aktivitäten von MGXs Hauptprojekt, die Driftwood Creek Magnesit-Lagerstätte in der East Kootenay Region, genehmigen mussten. 

MGXs Präsident und CEO, Jared Lazerson, kommentierte in der Pressemitteilung vom Montag, den 11. Januar 2016:

“Dies ist ein bedeutender Meilenstein für das Projekt. Wir möchten die Gelegenheit nutzen, um unsere Anerkennung an alle auszusprechen, die involviert waren, und zwar in allen Ebenen der Regierung, Gemeinde (“community”) und First Nations. Ich glaube, es gibt nun Grund zum neuen Optimismus für die arbeitenden Männer und Frauen in der East Kootenay Region.”

Laut den letzten Pressemitteilungen steht MGX kurz davor – sobald es die Wetterbedingungen zulassen – einen 100 Tonnen Grossprobe (“bulk sample”) aus Driftwood zu extrahieren (im Steinbruch-Stil), womit das Verarbeitungs- (“processing”) Design in einer Pilotanlage in New York, USA, finalisiert werden soll. Das aus 100 Tonnen verarbeitete Produkt (schätzungsweise 40 Tonnen), wird als repräsentatives Multi-Tonnen MgO- (Magnesium-Oxid) Proben (“samples”) für Abnehmer-/Kunden-Evaluierungen dienen (v.a. damit ein Abnahmevertrag, sog. “Offtake”, finalisiert werden kann).

Basierend auf den Ergebnissen von diesem 100 Tonnen Bulk-Sample zielt MGX darauf ab, weitere 5.000 Tonnen in der ersten Jahreshälfte 2016 an Kunden zur Beurteilung zu verschicken.

MGXs 100 Tonnen Bulk-Sample wird das erste grössere Tonnagen-Material aus Driftwood sein, dass seit dem Abbau von 8.000 Tonnen als Teil eines Test-Steinbruchs von Kaiser Resources im Jahr 1978 abgebaut wurde (Morris, 1978).

Grössere Bulk-Samples zwischen 1.500 und 10.000 Tonnen könnten ggf. von der Pilotanlage verarbeitet werden, wobei das Produkt, verarbeitetes MgO, an Kunden verkauft werden kann. Zum groben Verständnis: 10.000 Tonnen zu verarbeiten könnte 4.000 Tonnen an netto-verkaufsfähigen MgO Produkten erbringen (aktuell etwa $1,5 Mio. wert).

Der 100 Tonnen Bulk-Sample wird zu Pilotanlagen-Testzwecken zur Industrial Furnace Company (“IFCO”) in Rochester, New York, transportiert. Die Ergebnisse der Pilotanlagen-Tests werden die finalen Spezifikationen bestimmen, um das Design und die Konstruktionsparameter von industriegrossen Brennöfen (“industrial-sized kilns”) zu optimieren, die das Magnesit aus Driftwood verarbeiten. MGX plant, Multi-Tonnen Proben aus CCM (“Caustic Calcined Magnesia”) und DBM (“Dead-Burned Magnesia”) zu produzieren; und zwar für Evaluierungen und/oder Verkauf an Kunden.

Damit allerdings ein vollmaßstäblicher Minenbetrieb in der Grössenordnung von 50.000 bis 100.000 Tonnen pro Jahr begonnen werden kann, muss MGX noch Kapital für den Bau der Mine und Anlagen finden. Gemäss einem Interview mit Kal Kotecha vom Juniorgoldreport.com:

“Innerhalb den nächsten 12 Monaten würden wir gerne die Projektfinanzierung und den Baustart, sowie Haldenaufbau (“stockpiling”) in Kürze, sehen. In 18 Monaten erwarten wir, einen signifikanten Anteil an unserem anfänglichen 100.000 Tonnen/Jahr Ziel an netto-verkaufsfähigem MgO (Magnesium-Oxid) erreicht zu haben.”

Ein grosser Meilenstein, um den Weg zur Produktion zu beschleunigen, wurde am 29. September 2015 erreicht, als ein grosser Gesteinsmühlen-Komplex und Industrie-Park für potentielle künftige Verarbeitung von MgO aus Driftwood. Kurz danach verkündete MGX am 9. Oktober:

“MGXs Senior-Ingenieur hat einen Site-Visit-Besuch vor Ort abgeschlossen und hat begonnen, vorgeschlagene Logistik- und Infrastruktur-Strategien zu überprüfen, und zwar mit dem Zweck, ein vorläufiges Anlagen-Design zu entwerfen... Wie im Juni berichtet wurde (siehe Pressemitteilung vom 4. Juni 2015), ist MGX mit Industrial Furnace Company (“IFCO”) aus Rochester, New York, eine Partnerschaft eingegangen, um industriegrosse Brennöfen für Driftwood Creek zu installieren und zu betreiben. Die Brennöfen werden derzeit evaluiert, um kosteneffiziente Energie-Optionen zu bestimmen, einschliesslich sowohl Erdgas als auch synthetisches Gas. Das Unternehmen evaluiert momentan auch existierendes Forstwirtschafts-Zubehör, das sich noch vor Ort befindet, einschliesslich einem voll funktionstüchtigen Sägewerk/-mühle (“sawmill”), die verzinktes Bauholz (“finger-jointed lumber”) produziert. Die spezialisierte Mühle wurde ursprünglich 2008 installiert; zu einem Preis von etwa $8 Mio. CAD.”

MGX hat mit Tembec (TSX: TMB) eine Definitive Vereinbarung (“Definitive Agreement”) unterzeichnet, die Cranbrook Mill Site in der Stadt Cranbrook, BC, zu akquirieren. Der Cranbrook Mill Complex umfasst 38 Hektar, befindet sich innerhalb dem Cranbrook Industrial Park und beinhaltet signifikante Infrastruktur wie Gebäude und eine Holz-Verarbeitungsanlage. Die Kosten dieses Industriestandorts mit direktem Zugang zu Erdgas, Wasser, Elektrizität und Eisenbahnlinien belaufen sich auf $3,7 Mio. CAD. MGX plant, diesen Industriestandort für die Verarbeitung ihrer Industrieminerale, v.a. aus Driftwood, zu benutzen.

“Das sind spannende Neuigkeiten für die Stadt und die umliegende Region. MGX Minerals wird auf grossartige Art und Weise in Cranbrook reinpassen und unseren Industriesektor helfen, eines unserer Schlüssel-Wirtschaftsprioritäten, und neue Beschäftigungsmöglichkeiten schaffen. Es gibt starke Synergien zwischen MGX und der Gemeinde, und ich freue mich, mit MGX zusammenzuarbeiten, während sie ihre Entwicklungen vorantreiben.” (Lee Pratt, Bürgermeister von Cranbrook, East Kootenay, BC, am 29 September 2015)


Vor kurzem führte Kal Kotecha vom Juniorgoldreport.com ein Interview mit dem Präsident & CEO von MGX, Jared Lazerson, durch, das untenstehend auf Englisch wiedergegeben ist:

We have had the pleasure of interviewing Jared Lazerson, President of MGX Minerals Inc. (CSE: XMG). MGX Minerals is poised to becoming an industry powerhouse in the Magnesium Oxide (MgO) space. The power of the company comes from a strong management team that believes in taking the company to production.

Currently, the market is punishing exploration stocks that do not have a short-medium range timeline to production. As the resource market changes force and begins its uptick as I believe we are starting to see glimpses of, MGX is poised to capitalize as the company will be making significant amounts of money

1) JGR: On November 4th MGX received the bulk sample permit to extract a 100 tonne sample of mineralized material from Driftwood Creek. Is there a buyer and how much can MGX stand to make from this bulk sample?

JL: This bulk sample will serve as representative samples for customers and to finalize the process design. The material will be mined and processed in a pilot plant that is representative of our final process.

(2) JGR: Does MGX need to raise more money in the near future? And if so, how much and what will the money be used for?

JL: MGX has very low overhead and maintains a pay as we go model. We will be funding $500k over the next 6 months to cover bulk sample, engineering and permitting.

 

(3) JGR: Are you actively seeking an off-take agreement? If so, how is that transpiring?

JL: The current bulk sample will provide a basis for off-take agreements and we have talked with specific customers about their needs and received tremendous encouragement. Canadian and US companies want a local supply of magnesium products. The US imports almost two thirds of its dead burn magnesia (DBM - used as a high temperature liner in steel making furnaces) from China and we believe we can replace most of this import supply representing over 200,000t or $100m.

(3) JGR: What are MGX’s 6-month, 12-month and 18-month goals?

JL: In the short term we would like to get all of our engineering and permitting completed. Within 12 months we would like to see project finance and construction commenced with stockpiling underway. By 18 months we expect to be at a significant portion of our initial 100,000tpa net saleable MgO (magnesium oxide) goal.

(5) JGR: Is there anything you would like to add?

JL: MGX is well positioned in the specialty and advanced materials sector and investors can expect to see bold moves in the future from us.

Also from the Juniorgoldreport.com:

Magnesite – Technical Overview

As a deposit, magnesite is slightly off the beaten path in the junior mining industry, an industrial mineral as opposed to the more obvious and commonly explored gold, silver and copper deposits. Often referred to as the “lightest useful metal,” magnesium metal, is 75% lighter than steel and 33% lighter than aluminum (Berry, 2015) and is a highly valuable resource. Magnesium oxide (“MgO”) which MGX initially aims to produce is both a primary input for magnesium metal and is utilized on its own in the production processes in many industries. End uses for magnesium oxide include abrasives, animal feed supplements, chemicals, coatings, construction, electrical, fertilizers, foundries, glass manufacture, insulation, lubricating oils, pharmaceuticals, plastics manufacture, refractory and ceramics, rubber compounding, steel industry, sugar refining, sulfite wood pulping, and wastewater treatment.

MGX’s Driftwood Creek deposit in British Columbia will yield two variations of saleable magnesia including Caustic Calcined Magnesia (CCM) and Dead Burned Magnesia (DBM).

CCM has diverse applications and is used in products and processes that require a reactive version of magnesia, with environmental applications being most prevalent including wastewater treatment for balancing PH levels and as an ingredient in agricultural products such as fertilizer.

DBM is an inert version of magnesia, making it most prevalent to consumers involved in steel-making processes, including lining furnaces and refractories, and other high temperature applications like cement and glass production.

Magnesite extraction involves comparatively low environmental impact, as there are virtually no tailings associated with the extraction and the quarry is amenable to open-pit extraction, reducing the physical imprint on the region with limited processing required to produce saleable MgO.

Market Analysis

The current market environment that surrounds magnesium production and distribution is advantageous for MGX’s operation for three key reasons.

Firstly, demand for magnesium compounds has grown steadily at a compound annual growth rate (CAGR) of slightly under 6% with demand growing slightly faster than the production pace (Berry, 2015). As such, MGX’s Driftwood Creek deposit entering as a player in the market will be supported by current demand figures.

Secondly, MGX may be able to carve a niche within the magnesium demand market in North America as a result of its location and magnesite grade quality. Currently, China is the largest producer of MgO globally being responsible for between 70%-80% of production (Berry, 2015) and the United States imports the majority of its MgO from the country. Following China, Russia is the second largest global producer while North Korea holds the second most available reserves of magnesite ore after China. MGX can achieve success within the market and gain a niche by leveraging their location advantage, which can help them to secure industrial and agri-business customers in North America that prefer to source MgO from regions closer to their production facilities. China’s magnesite is typically of a lower grade than what is offered by MGX’s Driftwood Creek deposit, helping to secure an attainable market for the product by consumers that require high-grade magnesia for their processes and goods. In recent years, the Chinese government has implemented export restrictions on magnesite to meet growing domestic demand and phase out smaller, less efficient producers. MGX has an opportunity to fill the potential magnesite gap in North America, as the company intends to produce 100,000 tonnes of DMB annually, looking to take a fair percentage of the 350,000-450,000 tonnes of DBM magnesite demanded annually by the United States.

Thirdly, it is reasonable to forecast that demand for magnesium metal will improve in the long-term, as the mineral can be used to produce lightweight steel, which is becoming preferable in various consumer products including automobiles in order to achieve better performance, fuel economy and to meet requirements posed by environmental legislation related to material usage. As noted by Berry, there is an ample opportunity for additional magnesium usage in automobiles as a substitute for heavier metals (Berry, 2015). Current estimates cited from a report by the United States Automotive Materials Partnership stating that “by 2020, 250 pounds of magnesium will replace 500 pounds of steel and 90 pounds of magnesium will replace 130 pounds of aluminum per vehicle, resulting in an overall 15% weight reduction” (Berry, 2015) compared to the 10-12 total pounds of magnesium used in a vehicle now. Beyond the automotive application, environmental (ie. waste water management) and agricultural (ie. fertilizer) applications promise significant growth, as environmental assessments along with reactive and proactive policies become enacted, requiring the greater use of MgO as a substitute for unsustainable materials currently in use.
Value Chain Management

Perhaps MGXs most important competitive advantage is its command of the value chain of extraction, processing and distribution of the magnesite from the Driftwood Creek deposit. As noted above, the company’s executive management team led by Lazerson possesses strong capabilities and ample experience in functional mining operations, which supports the extraction and processing of available magnesite. The expertise of the management team will be clearly demonstrated as they fully capitalize on the natural factors offered by the Driftwood Creek property.

The property is surrounded by excellent infrastructure with access to rails within 20km, road, highly skilled labour, electricity, and currently existing industrial facilities within 150km that can be transformed into a processing plant – all packed into an established mining district whose population is accepting of the practice.

As noted by CEO Lazerson in an interview with Equities.com, another major advantage of the southeastern British Columbia location is easy access to Alberta’s natural gas, which offers some of the lowest prices in the world (Equities.com, 2015), ultimately delivering a significant cost advantage to the company.

Finally, the property’s location in North America delivers amazing potential to secure American consumers of MgO that desire a mid-high grade product with minimal shipping costs and logistical challenges.

With an average price of $400US per tonne for high grade material and $60 per tonne in shipping costs from China, MGX’s geographically close location to the United States presents a major transportation cost advantage for potential buyers, making distribution a critical part of the company’s value chain.

With MGX’s intent to fully produce the deposit by extracting magnesite as opposed to selling the property to a major, the company’s emphasis on strategic value chain management makes it highly competitive in the global market.

 

MGX Minerals Brings a Unique Opportunity to the Mining Sector in 2016

Vor kurzem, am 8. Januar 2016, schrieb Equities.com einen Artikel über MGX, der untenstehend wiedergegeben ist.

MGX Minerals, Inc. (CNSX: MGX), a diversified Canadian mining company, is engaged in the acquisition and development of industrial mineral deposits that offer near-term production potential, minimal barriers to entry and low initial capital expenditures.

The long-term strategic business objectives of the company, including constructing a quarry mine and processing plant to produce magnesium oxide from Driftwood Creek, the company’s flagship project, is presenting very promising opportunity within the mining sector. Large quantities of magnesite, a mineral that occurs as veins in ultramafic rocks and serpentinite, are burnt to make magnesium oxide, a macromineral that is frequently used to treat heartburn, indigestion and low magnesium levels.

Major Plans (and Growth) in the Works

Currently controlling the majority of known magnesite occurrences in British Columbia, the Vancouver-based mining company’s goal for the Driftwood Creek project is to construct a quarry mine processing plant to produce magnesium oxide. Driftwood Creek is located in the Brisco-Driftwood mining district of Southeastern British Columbia.

“Despite rough markets and slipping commodity prices,” said Jared Lazerson, President & CEO of MGX, “the MGX stock price has reflected our success in the field. In fact, our stock is one of the best performing gainers on the Canadian Securities Exchange thus far in 2015 and our market cap has grown to over $15 million as we continue to follow through on strategic plans and build value for our shareholders.”


A Year of Progress

Last year proved to be defined by major milestones and strategic partnerships for MGX. Some operational highlights include:

• Acquiring Haig Magnetite Prospect in British Columbia.

• Entering into an Acquisition Agreement with American Manganese Inc. ($AMY) to acquire a 100% interest in 166 contiguous hectares covering a known high-purity silica prospect.

• Closing the third and last tranche of a non-brokered private placement, raising $116,577.50 through the issuance of 466,310 common shares at a price of $0.25 per share.

• Entering into a Partnering Agreement with Eaton Industries (Canada) Corporation (NYSE: ETN) and Highbury Energy Inc. to develop MGX’s flagship Driftwood Creek magnesium property.

• Entering into a Memorandum of Understanding with Industrial Furnace Company in which the company will provide engineering services and calcining equipment for MGX’s flagship Driftwood Creek magnesium property.

• Entering into a Mining Lease Agreement to explore, develop and mine the Needles magnesite deposit located in San Bernardino County, California.

• Being added to the Canadian Securities Exchange Composite Index.

• Entering into a Purchase Agreement with Zimtu Capital Corp. (TSX.V: ZC) to acquire a 100% undivided interest in the Longworth silica property.

• Completing final land survey for its flagship Driftwood Creek magnesium project.

• Entering into Definitive Agreement with Tembec ($TSX: TM) to acquire the Cranbrook mill site in Cranbrook, British Columbia for $3.7 million.

• Receiving the necessary permits from the Archaeology Branch of the British Columbia Ministry of Forests, Lands and Natural Resource Operations to conduct an Archaeological Impact Assessment on their flagship Driftwood Creek magnesium project.

• Reporting 98 meters grading 44% magnesium oxide from Phase II drilling at Driftwood Creek.

• Completed Phase II drilling at its flagship Driftwood Creek magnesium project.

• Beginning site evaluation and engineering studies at its proposed mill site located in Cranbrook, British Columbia.

Furthermore, the company received final approval of land survey for Driftwood Creek from the British Columbia Surveyor General under Section 42 of the Mineral Tenure Act. MGX’s lease application will now be reviewed by the Chief Gold Commissioner of the Province of British Columbia in regards to issuance.


A Unique Opportunity

Sure, there’s gold, silver, copper, and, since this is the tech age, lithium; however, MGX Minerals’ progression of their Driftwood Creek Project not only ensures that magnesium oxide will be readily available to ease the everyday aches and discomforts of those who suffer from indigestion and heartburn, it also presents a unique investment opportunity to those interested in the mining sector.

“As great as 2015 has been, we have set our sights on an even bigger year in 2016 as we build momentum at Driftwood Creek and begin to develop our other strategic assets including silicon,” said Lazerson. “We look forward to your continued support as a shareholder and invite prospective investors to join us on our journey to build a leading industrial minerals company.”

For more information about MGX Minerals, visit www.mgxminerals.com.

Disclosure: To read our full disclosure, please go to: www.equities.com/disclaimer

 


 

Unternehmensdetails

MGX Minerals Inc.
#303 - 1080 Howe Street
Vancouver, BC, Canada V6C 2T1
Phone: +1 604 681 7735
Email: jared@mgxminerals.com
www.mgxminerals.com

Aktien im Markt: 30.589.685

Kanada Symbol (CSE): XMG
Aktueller Kurs: $0,24 CAD (12.01.2016)
Marktkapitalisierung: $7 Mio. CAD

Deutschland Kürzel / WKN (Frankfurt): 1MG / A12E3P
Aktueller Kurs: €0,114 EUR (13.01.2016)
Marktkapitalisierung: €4 Mio. EUR

“Magnesium unter der Lupe“ (Fundamentalanalyse von Chris Berry, 10. August 10 2015)

Research Übersicht

Research #2 “MGX Minerals beschleunigt in Richtung Produktion“

Research #1 “MGX Minerals plant für 2016 den Magnesium-Markteintritt“

Bitte lesen Sie den vollständigen Disclaimer im vollständigen Research Report als PDF (hier), da fundamentale Risiken und Interessenkonflikte vorherrschen.

 

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Unternehmensdetails
Name: MGX Minerals Inc.
Kanada Symbol: XMG
Deutschland Symbol / WKN: 1MG / A12E3P
Aktien im Markt: 30.589.685
Telefon: +1 604 681 7735
Email: jared@mgxminerals.com
Web: www.mgxminerals.com
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