LMG 2.08% 4.7¢ latrobe magnesium limited

Ann: October Progress Report, page-68

  1. 4,182 Posts.
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    @honestrick

    About USMAG
    * Their production of mag has dropped by about 95%
    * They are in dire straights as their lakes for brine are no longer efficient
    *They have been shut down a number of times due to environmental problems
    *Their recent application for further extension into other lakes to harvest brine has been vehemently rejected.
    *Their technology is archaic (Pidgeon Process)
    Etc...

    Imo, after extensive research and comparison of World production of magnesium, they are of no threat unless USMAG have a monumental change ahead.

    Regards Ken
 
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