Am Montag gab MGX Minerals Inc. die Namen der Hauptinvestoren einer strategischen Finanzierung zu $0,10 bekannt, einschliesslich dem bekannten kanadischen Investor Robert Hirschberg, dem legendären Minenveteran Dr. Sethu Raman und Sam Sahota. Daraufhin handelte MGX in den letzten beiden Tagen >2,5 Mio. Stücke und die Aktie stieg seit Freitag bei $0,11 um 36% an. Letzte Woche Donnerstag berichtete MGX über den Erhalt einer ersten Prozessdesign- und Scoping-Studie über die Produktion von Lithiumcarbonat auf dem Alberta Lithium Projekt von MGX. Eine Ingenieursfirma wurde engagiert, um die Extraktion von Mineralen aus der stark mineralisierten Sole (“brine”) auf den unternehmenseigenen Grundstücken in den Gegenden Fox Creek und Swan Hills zu analysieren. Laut MGX “liefert die Studie eine positive Basis, um voranzuschreiten.” Ebenfalls am Donnerstag letzte Woche gab das Unternehmen bekannt, zusätzliche 160.000 Hektar an Grundstücken akquiriert zu haben, die höffig für lithiumreiche Solen sind, sodass MGX mittlerweile über 300.000 Hektar in Alberta kontrolliert.
Laut Pressemitteilung (14. April 2016):
“Die neu akquirierten Grundstücke umfassen bekannte historische hochgradige Lithiumwerte (>100 mg/L), gemäss Berichten in der Mineraldatenbank der Provinz Alberta. MGX kontrolliert nun einen signifikanten Anteil der lithiumhaltigen Gegenden in der ganzen Provinz Alberta. Dies beinhaltet grosse strategische Landblöcke, die sich im Mackenzie County im Nordwesten von Alberta nahe historischen Ölfeldern befinden. Die lithiumhaltige Landposition von MGX überdeckt mittlerweile über 300.000 Hektar (3.000 km2) mit signifikanten Positionen in den geologisch günstigen Gegenden Mackenzie, Fox Creek und Red Deer.
Bedeutende exististierende Infrastruktur wie Förderquellen (“wells”), Strassen und Elektrizität sind auf den Grundstücken von MGX verfügbar, sowie die Unterstützung von nahegelegenen Ölfeld-Dienstleistungen.
MGX fokussiert sich weiterhin auf die wirksam Einsetzng von existierender Infrastruktur in Kooperation mit Öl- und Gas-Betreibern sowie allen Ebenen der Regierung mit dem ausdrücklichen Ziel der sofortigen Testproduktion und Testverarbeitung der Lithiumsole. Alberta bietet den einzigartigen Vorteil im globalen Lithiumrennen, massive existierende Infrastruktur zu besitzen, die in Beziehung zu lithiumhaltigen Gegenden und grossen existierenden historischen Datenbanken, sodass im Prinzip in diesen Gegenden die Notwendigkeit für konventionelle Explorationsbohrungen eliminiert werden.
In Zusammenhang mit der Vereinbarung [mit dem Brookes Heyman Lithium Syndicate] hat sich MGX bereit erklärt, 1 Mio. Unternehmensaktien auszugeben, wobei 333.000 Aktien nach Vertragsabschluss und weitere 333.000 Aktien zum 1. und 2. Jahrestag fällig sind. Das Unternehmen wird auch Barüberweisung über insgesamt $60.000 CAD machen, wobei $20.000 CAD bei Vertragsabschluss und weitere $20.000 CAD zum 1. und 2. Jahrestag fällig sind. MGX hat zudem eine 2% Netto-Royaltygebühr (“Net Smelter Royalty”) and das Syndikat gewährt, wobei hiervon 1% für eine Einmalzahlung in Höhe von $1 Mio. CAD jederzeit gekauft werden kann.”
Am gleichen Tag gab MGX gesondert bekannt, eine erste Prozessdesign- und Scoping Studie erhalten zu haben (14. April 2016):
“Die Studie beinhaltet Flowsheet-Empfehlungen und Kalkulationen zu den Produktionskosten (OPEX; “operational expenditures”), um 20.000 Barrel pro Tag an lithiumhaltiger Sole in einer kommerziellen Anlage zu verarbeiten. Der Prozess verspricht, die Verarbeitungszeit signifikant im Vergleich mit der Sonnen-Verdunstung (“solar evaporation”; bis zu 18 Monate) zu reduzieren. Der Prozess wurde konzipiert, um Solenminerale schnell zu separieren, um diverse Zusammensetzungen zu produzieren, einschliesslich Lithium Carbonat, Natriumchlorid und Calciumchlorid. Die Implementierung von mehreren Produktlinien wurde berücksichtigt, um potentielle Einnahmen zu maximieren und die LCE- (“Lithium Carbonate Equivalent”) Produktionskosten zu reduzieren. Unter Anwendung von signifikanter Literatur, Solubilitäts-/Löslichkeits-Modellen und unternehmenseigener Solen-Expertise, konnte die Cementation AG einen betriebsfähigen Prozess entwickeln. Ebenso wurden entwickelt: Ein Flowsheet, nicht-iterativer Massenausgleicher, Evaporator/Verdunster und eine Zubehörliste basierend auf Wasseranalysen von historischen Förderquellen auf dem Fox Creek Grundstück von MGX. ‘Der vorgeschlagene Prozess, der von Cementation AG entwickelt wurde, bietet ein modernes Industrieverfahren, das die Evaporationsdauer reduzieren würde und eine Reihe von Produktlinien bieten, um potentielle Kosten zu minimieren und potentielle langfristige Gewinne zu erhöhen”, sagte der Präsident & CEO von MGX, Herr Jared Lazerson.
Die Cementation AG besitzt Expertise im Bereich Handling und Verarbeitung von Industrie- und Energiemineralen, angefangen von Scoping Studien bishin zur Konstruktion, Betrieb und Instandhaltung. Das Lithiumanlagen-Ingenieursteam wird von Prozessingenieuren der Cementation AG geleitet, die umfangreiche Erfahrung mit dem Prozessdesign, Metallurgie und Betrieb haben. Die Prozessingenieure der Cementation haben Projekte mit Suncor, Intrepid Potash, Copper Mountain, Rio Tinto, Phelps Dodge, HudBay Minerals und anderen unterstützt. Cementation ist eine vollständig im Besitz befindliche Tochtergesellschaft von Murray & Roberts; ein führendes Ingenieurs- und Konstruktionsdienstleistungsunternehmen mit Hauptsitz in Johannesburg, Süd-Afrika, und ist an der JSE-Börse notiert. Die Firma unterhält Büros in Süd-Afrika, Namibia, Botswana, Mozambique, Zambia und Ghana, die Vereinigten Arabische Emirate, Australien und Süd-Korea, Schottland, Kanada, USA und Chile. Die Cementation AG wurde gegründet, um die Cementation Underground Group zu vervollständigen und anderes Grossmaterial-Handlings- und Mineralverarbeitungs-Opportunitäten weltweit wahrzunehmen.”
Die am Montag bekannt gemachte strategische Investition mit dem kanadischen Entrepreneur Robert Hirschberg und der Minenlegende Dr. Sethu Raman (siehe Hintergrundinformationen auf den folgenden Seiten) dürfte den Startschuss für eine schnelle Entwicklung der Alberta Projekte von MGX zu aufblühenden Lithiumcarbonat-Produktionszentren signalisieren.
Im Februar engagierte MGX den Öl- und Gas-Veteran Dr. Larry Marks, der 30 Jahre lang in gehobenen Positionen für Shell Canada tätig war und Strategien für den Verkauf und Transport von Energie und Beiprodukten im Wert von mehr als $3 Mrd. jährlich implementierte. Seine Lamar Corporation of Calgary leitet die Entwicklungsstrategie für die von MGX akquirierten Grundstücken nahe Fox Creek im kanadischen Alberta.
Auf bemerkenswerte Weise konnte MGX zuletzt starke Partner anziehen, sowohl finanziell als auch erfahrungsmäßig gesehen. Dies alles kann unterstützend wirken, um Alberta als bedeutendes Förderquellen-Drehkreuz zurück zu bringen, dieses Mal auch pumpend für Nord-Amerikas Grüne Energierevolution. Anpassung ist der Schlüssel zum Überleben – Alberta hat die Solen, um dies zu schaffen, während MGX einen Pionierarbeit leistenden Kopf mitbringt.
ME AND MY MONEY: Investor in junior resource stocks rides commodity market‘s swings
By Larry Macdonald on March 4, 2016, special to The Globe and Mail
Owner/manufacturer of promotional-clothing company.
More than a dozen junior resource companies, including Lithium X Energy Corp., Pure Gold Mining Inc. and NRG Metals Inc.
The book Reminiscences of a Stock Operator describes how the legendary Jesse Livermore made and lost fortunes in the stock market. Toronto resident Robert Hirschberg has a similar story. And the trading slips to go with it, as he told Me and My Money.
His market adventure first came to light in a 2015 interview by CEO.ca. There was also a mention in the investment book, Market Masters (ECW Press, 2016). Here is a timeline for Robert Hirschberg’s story.
Beginning in 1981, a commodities boom sweeps his $20,000 in junior-mining stocks to a value of $850,000 in five years. But this is zapped by a margin call during the market plunge in October, 1987. (The value of his stocks fell below the loan value so the brokerage that had lent him money asked him to put in more or it would do a forced sale – which it did, at a loss to him).
In 2001, he put $20,000 of his wife’s money into Noront Resources Ltd. and Waseco Resources Inc. They, and some other trades, surge to $1.1-million by 2007 – thanks to another commodities bull market.The crash of 2008 slashes the portfolio to $350,000. He takes $200,000 out and leaves the rest in the market because there are no bid-ask quotations for the remaining stocks. The market roars back and by 2011, the “worthless $150,000 portfolio” has skyrocketed to a “magical” $15-million. Then a correction drives the portfolio down 70 per cent by 2014.
Currently, he is biding his time, waiting for the next upswing.
How he invests
Mr. Hirschberg looks for four things in a company: 1) executives with successful track records building up junior companies; 2) good assets; 3) access to funding; and 4) lots of upside (“blue sky potential”).
Lithium X Energy is headed by Paul Matysek, a geologist with a solid track record of developing junior miners over the past 30 years; lithium demand is rising due to new technologies such as electric cars.
Pure Gold Mining has properties close to a large, proven deposit; several million dollars are in the bank.
NRG Metals has property near a graphite producer, and small-scale production on a Guyana gold property with a potential for expansion.
Mr. Hirschberg monitors newsletters and websites (his favourite is CEO.ca). He also talks on the phone several times a day with people in the industry. And he attends industry conventions, such as the one run by the Prospectors & Developers Association of Canada.
It was getting in early on discoveries made by junior resource companies, such as when Diamond Fields Resources Inc. found the Voisey Bay nickel deposit.
“Not getting out at the height of bull resource markets.”
“Play with money you can afford to lose.”
Want to be in Me and My Money? Contact Larry MacDonald at firstname.lastname@example.org or his website.
Dr. Sethu Raman
Dr. K. Sethu Raman is a serial mine finder and a successful entrepreneur with more than 46 years of international experience in all phases of exploration, mine development, acquisitions and operations as well as experience in financial and legal areas.
He has pioneered many new exploration concepts and strategies which have led to the discovery of eleven significant gold, silver, copper, zinc, phosphate and uranium deposits located near established mining camps, seven of which went on to become producing gold mines in Canada.
As President and CEO of Holmer Gold Mines Ltd (1985-2004) and Director and Advisor to Lake Shore Gold Corp (2004-2016), Dr. Raman has been the driving force behind the discovery and development of the Timmins West Gold mine in a previously unknown faulted extension of the Timmins Mining Camp. The surrounding area hosts several deposits and profitable mines operated by Lake Shore Gold with an annual production of 180,000 ounces of gold in 2014. On April 1, 2016 Lake Shore accepted a friendly $945M takeover offer by Tahoe Resources Inc.
Dr. Raman previously spent 13 years with Campbell Chibougamau Mines/Campbell Resources and the Royex Gold Mining Group of companies controlled by Ned Goodman. He joined as a Research Geologist and held various management positions including Vice President from 1980 to 1986. Here he played a key role in the discovery and development of six gold mines in Quebec, Ontario and the Canadian Arctic increasing the market cap from $25M to $1B. Subsequently these companies were sold to Home Stake Mining (now Barrick Gold) and Patino Mining Corp.
He holds a Ph.D. in Geology from Carleton University and a UNESCO Post-Graduate Diploma from the University of Vienna, Austria.
Why is This Becoming the Mineral of Choice?
By Kal Kotecha on April 14, 2016, for the Junior Gold Report
According to Business Insider: Lithium is a critical component of the lithium-ion batteries made by Tesla used to power its high-performance electric cars and the Powerwall, its home power storage unit. Lithium has been one of the few commodities for which prices have been sustained over recent months in the global commodities rout. Australian fund manager Paragon estimates that demand will continue to increase by around 10% a year.
The truth is that Tesla will not be a significant user of lithium compared to other major procurers, such as China. Of course this is comparing one company against the largest populous country in the world -- A David versus Goliath scenario and we know who won that battle. But it demonstrates the fact that lithium is an increasingly desirable commodity for businesses and nations across the globe. This trend will greatly increase the demand for junior mining companies that work toward developing lithium properties - such as MGX Minerals Inc.
Jared Lazerson continues his brilliant quest of acquiring properties poised for production. His latest coup was to purchase lithium properties. As per the recent news release: MGX previously entered into a purchase agreement for a 100-per-cent undivided interest in 12 metallic and industrial mineral permits encompassing 96,000 hectares throughout the province of Alberta (see press release dated Feb. 1, 2016). These permits were acquired based on compilation of historic exploration for lithium by the province, as well as oil and gas well data and known geology. MGX’s current lithium-brine-bearing land position by way of permits and permit applications now stands at over 540 square miles (141,000 hectares). The permits and permit applications are all geologically associated with current and past-producing oil fields.
On April 14th the company announced: MGX Further Expands Lithium Land Position to 300,000 hectares in Alberta
The Permits encompass known historic high-grade lithium values (>100 mg/L) as reported in the Province of Alberta Industrial Minerals database. MGX now controls a significant portion of lithium bearing areas throughout the Province of Alberta. This includes large strategic land blocks located throughout Mackenzie County of northwestern Alberta with close proximity to historic oil fields. MGX’s lithium brine bearing land position now spans over 300,000 hectares (1,160 square miles) with significant holdings in the geologically-favorable areas of Mackenzie, Fox Creek and Red Deer.
Major existing infrastructure including wells, roads and power are available on MGX’s lithium properties along with the support of nearby oil field services. MGX continues to focus on leveraging existing infrastructure in cooperation with oil and gas operators and all levels of government with the explicit goal of moving to immediate test production and test processing of lithium brine. Alberta offers the unique advantage in the global lithium race of massive existing infrastructure associated with lithium brine bearing areas and large existing historical databases essentially, in these areas, eliminating the need for conventional exploration drilling.
In connection with the Agreement, MGX has agreed to issue one million common shares of the Company, with 333,000 shares due at closing and an additional 333,000 shares due on the first and second anniversaries. The Company will also issue cash payments totaling CA$60,000, with CA$20,000 due at closing and an additional CA$20,000 due on the first and second anniversaries. MGX has also granted a 2% Net Smelter Royalty to the Syndicate, of which 1% may be repurchased by the Company for a one-time cash payment of CA$1 million.
Also on April 14th, the Company announced: MGX Minerals Receives Initial Process Design and Scoping Study for Production of Lithium Carbonate
The Study includes flowsheet recommendations and operational expenditure (OPEX) calculations to process lithium-bearing brine of 20,000 bpd (barrels per day) in a commercial plant. The process proposes to significantly reduce the process time versus traditional solar evaporation, which is up to 18 months. The process is designed to rapidly separate brine minerals to produce various compounds including lithium carbonate, sodium chloride and calcium chloride. The implementation of multiple product lines is designed to maximize potential revenue and reduce the lithium carbonate equivalent cost of production.
Utilizing significant literature searches, solubility models and in-house brine expertise, a workable process was developed by Cementation AG. A flowsheet, non-iterative mass balance, evaporator load, pond sizing, equipment list and operating costs were also developed based on water analyses from historic central wells located on MGX’s Fox Creek Property.
“The proposed process developed by Cementation AG provides for a modern industrial process that would reduce evaporation time and provide for a number of product lines to offset potential costs and increase potential long term profits,” stated MGX President and CEO Jared Lazerson.
Swan Hills Formation: The Company has identified an initial group of 16 past producing wells for test production. These wells are located within the lithium bearing brine pools of the Swan Hills formation near Fox Creek and cover an area of approximately 8 km in length and reach up to 3.2 km in width.
In Rockstone Research’s recent article on MGX Minerals, Stephan Bogner reports:
The lithium property from MGX contains dozens of oil wells with significant previous production of brine from hundreds to thousands of barrels per well per day. Past production indicates very low oil production of generally less than 3% resulting in very high brine production. MGX is focused on leveraging the massive existing infrastructure including wells, roads, power and fluids handling expertise in the Fox Creek region, where unemployment rates have risen dramatically due to a shrinking of the oil and gas industry in recent years. Today, MGX announced the identification of 16 past producing wells for test production in the lithium-bearing Swan Hills Formation near Fox Creek. A central well of the 8 x 3 km well-cluster reported historical lithium grades of 130 mg/L, another well 3 km away reported 117 mg/L, and a third well 10 km away showed 130 mg/L again. Past production of brine in the most recent wellhead production reports for the cluster totaled 17,000 barrels per day (“bpd”), which would be 6.2 million barrels or 740 million litres per year. Assuming a grade of 130 mg/L, ~96 t of lithium could be produced each year which equates to ~511 t of lithium carbonate at 100% recovery (at $14,000/t lithium carbonate valued at $7.2 million USD, which number appears to be a good cost scale for a pilot plant). The costs of drilling a new well at this depth could easily exceed $2 million USD (plus pipelines, water re-injection equipment, permitting etc.). Thus, 16 new wells could cost more than $32 million USD, however MGX does not plan to incur those costs because the existing wells are operational. MGX could just pump and go; thus utilizing existing pipelines and other infrastructure near-by. From a business and environmental standpoint, this would be highly advantageous. MGX is in discussion with specialized engineering firms for initial design process flow and equipment list to build a 20,000 bpd plant for the extraction of lithium, potassium and magnesium compounds. MGX aims to design a conventional high efficiency, high recovery extraction facility.
We at JGR have had the pleasure of interviewing Mr. Lazerson:
(1) JGR: Can you tell us about the lithium properties—where are they located? Do they contain oil?
JL: The properties are throughout Alberta with a central block near Fox Creek. This is an old oil producing area so there is still some oil in the wells but they are primarily producing brine on average 98% brine / 2% oil. There are a variety of well categories, currently operating, shut-in and abandoned. Our preference is to use existing wells with operators in place but in time we will operate our own wells or acquire operating wells and this may include the oil or gas as well.
(2) JGR: How did you receive these lithium claims? What did you have to give up in return?
JL: We acquired the claims from various parties that were working together. The initial claims covering 96,000ha were acquired for 1.5M shares (over 3 years) and $20,000 cash. We just staked an additional 45,000ha to connect and expand certain claims and expect to have these formalized within 30 days. We are excited about our intial process design and scoping study as stated on our news release on April 14th.
(3) JGR: Can you monetize if so, exactly how and when?
JL: We are just completing our initial plant design and will do some metallurgy testing. We focused on leveraging existing technologies but combining them in a new way to produce lithium and other industrial minerals so we expect our CAPEX and operating numbers to be quite strong particularly in light of a potentially vast resource base. So, in short we would aim for cash flow within the year.
(4) JGR: What are the start-up costs?
JL: We are working with various parties on the financing of the initial commercial plant. Our potential partners each have various interests which have brought us together, some are local so they are focused more on regional or oil business opportunities others just want to be in battery commodities such as lithium. Although there are a number of items to address in terms of permitting, construction and production, it is our strategic goal of being in production within the year.
(5) JGR: Can you let us know about the oil – start-up costs, monetization etc.?
JL: The oil, in the ratios we have discussed, would represent about 25% of the potential revenue so it is significant but the acquisition of oil rights and wells or drilling of wells is a significant undertaking so we see this as a long term or regional opportunity, in areas where there is essentially no production but good lithium grades. Right now we are working with existing operators where they have the oil rights and we have the mineral rights. We will look to acquire oil rights in the right scenario at the right time.
(6) JGR: Please let us know about the patents? What is it for? How is it useful for MGX? How will MGX use it and monetize?
JL: At this time we are developing a proprietary process and it is likely we will file patents. The process we are using, to our knowledge, has never been used before. It is complex but essentially conventional solution that is specifically designed for highly mineralized brine leveraging inputs from western Canada. It is the in-between step between brine evaporation, which is cheap but takes a year and a half to produce, and hard-rock, which is underground mining and very expensive.
(7) JGR: As my readers are aware, XMG Minerals is a diversified company that holds magnesium claims (please see news release dated April 14 below). Can you please let us know is happening with the bulk tonnage of magnesium?
JL: We tried to get this done in the dead of winter and it just wasn’t possible to get the road development completed with the snow. Right now haul road construction is underway as part of our comprehensive development agreement with Dominion Excavating a local First Nation’s owned company. We would expect this to be completed within a few weeks and blasting and loading to commence shortly thereafter.
(8) JGR: Will you be able to excavate and sell more bulk tonnage?
JL: Yes. This is our plan as part of our initial operations and move to cash flow.
(9) JGR: Is there any off-take agreements in place?
JL: No. We have a strong list of customers in both North America and Europe that are waiting on bulk samples.
(10) JGR: What is the cap-ex – where will you get the money from?
JL: We are squeezing the CAPEX down as small as possible to produce a modular scalable solution. The CAPEX will be a combination of equity and debt. At this time the high interest corporate debt market is quite strong with bank rates near an all-time low around 2% so we look to finance primarily with debt, but you always need some equity.
(11) JGR: Anything else you’d like to add?
JL: MGX is committed to its goal of acquiring and developing industrial mineral properties in western Canada with low barriers to entry and low CAPEX. We continue to execute rapidly and are excited moving into 2016 with two major projects in Magnesium and Lithium underway.
MGX Minerals Inc. (CSE: XMG) offers high potential near-term share gains as a result of its movement to the development and production phase of their project. As stated by CEO Jared Lazerson himself, the Company intends to enter production within the year, and upon the announcement of this production, it’s expected that the share price of $0.10 will not stay there for too long. MGX’s greatest strategic advantage is the diversification of minerals housed within its properties, which effectively sets the Company up with multiple streams of revenue that can be fully exploited based on market conditions. The Company’s management team has continually demonstrated clear strategic planning and execution, and we expect shareholders will benefit greatly when investing in MGX Minerals Inc.
Please visit the in-depth corporate presentation
Kal Kotecha PhD
Editor of the Junior Gold Report
Kal Kotecha, PhD, is the editor and founder of the Junior Gold Report, a publication about small cap mining stocks that is read and enjoyed by thousands of investors. He was the editor and creator of the Moly/Gold Report, which focused on critical analyses and open journalism of companies profiting from the precious and base metals sector. The scope of his current activities include worldwide onsite analyses and reporting of developing companies. Kal has previously held leadership positions with many junior mining companies. After completing his MBA in Finance in 2007, Kal completed his PhD in Business Administration in January 2016. His thesis was on the Affective Heuristics of the 2008 stock market crash. He also lectures Economics at the University of Waterloo and Niagara College where he was voted Professor of the Year 2013/2014.
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MGX Minerals Inc.
#303 - 1080 Howe Street
Vancouver, BC, Canada V6C 2T1
Phone: +1 604 681 7735
Aktien im Markt: 31`239`685
Kanada Symbol (CSE): XMG
Aktueller Kurs: $0,15 CAD (19.04.2016)
Marktkapitalisierung: $5 Mio. CAD
Deutschland Kürzel / WKN (Frankfurt): 1MG / A12E3P
Aktueller Kurs: €0,12 EUR (19.04.2016)
Marktkapitalisierung: €4 Mio. EUR
Research #5 “Es ist Zeit für einen Lithium-Produktionsprozess“
Research #4 “MGX Minerals will Kanadas womöglich grösste hochgradige Lithium-Ressource anzapfen“
Research #3 “MGX Minerals Inc. erhält Minen-Pacht für 20 Jahre (in British Columbia!)“
Research #2 “MGX Minerals beschleunigt in Richtung Produktion“
Research #1 “MGX Minerals plant für 2016 den Magnesium-Markteintritt“
Disclaimer: Bitte lesen Sie den vollständigen Disclaimer im vollständigen Research Report als PDF (hier), da fundamentale Risiken und Interessenkonflikte vorherrschen.