general discussion, page-1044

Thanks Ken. I find it staggering that LMG is still under 10 cents tbh. Just take a look at the numbers and all the boxes it ticks.

*Government-listed as a critical mineral

*Revolutionary method of magnesium production which uses up a toxic waste product from brown coal and ferro nickel slag

*Environmentally friendly

*All flyash feedstock is used and transformed into other useful and commercially valuable products such as cement (which traditionally is also a high CO2 emission industry) and other products

*Less than half CO2 production per tonne of magnesium compared with traditional methods of production

*Worldwide growing demand for magnesium - expected to double in the next 5 years mainly due to the aluminium magnesium sheet alloy used for the essential step of light-weighting electric vehicles

*The planned expansion plans from the 1000 tonne per annum demonstration plant up to the proposed overseas 100,000 ferro nickel slag plant

And there are the finances.

*AUD $9-10,000 per tonne of magnesium produced equals absolutely huge revenue when multiplied by the future annual output that LMG has in the pipeline.
The 40,000 plant will generate an estimated $360 - $400m per annum based on current prices and exchange rates from magnesium production not withstanding revenue from the other products.

Despite all this, LMG still only has a market capitalisation of $155m. In the short-term the share price might sit in the 8-11 cent trading range but in the long-term,once production is underway and deals are made with joint venture partners to invest in the development of a 100,000 tonne per year plant, then surely the the share price will be many multiples of this.

Jasp