Here is a company that was drilling for gold and found magnesium. They did a little research talked to a few experts and realized that they have something special and decided to work it . World class experts that could go anywhere are joining Molycor , this is going to be big.
November 29, 2011 07:41 pm
111 billion lbs of Magnesium
All of the waste streams are commodities used as raw material in other operations and offer the potential to offset costs and/or generate additional revenue streams.
The Tami –Mosi magnesium project poses the ability to exploit the inferred magnesium resource for
30 years producing 30,000 tonnes per year within the United States, where protective tariffs are in
place on imported magnesium metal. The economics are based on a NI 43-101 resource estimate
analysis completed by Wardrop Engineering (a Tetra Tech Company) showing an inferred resource of
412 million tonnes with an average grade of 12.3% for a contained metal content of 111 billion
pounds of magnesium using a 12% cut-off grade.
Mr. Brown is the publisher of “Magnesium Monthly Review” since 1971 and a contributing editor
and columnist for “Light Metal Age” and “Australian Journal of Mining” with over twenty five
publications. He has served as Executive Secretary for the International Magnesium Association
(IMA) and participated in world panels.
James Sever has been appointed to the Management Team as the Chief Operating Officer. He is
president of Alpha Omega Engineering Inc. of Spokane, Washington with over thirty years’
experience in non-ferrous metals, chemical, industrial and operational management. For nine
years he was employed by Alcoa at their Northwest Alloys Inc. Magnesium plant located at Addy,
Washington. As Technical Operations Manager he was part of the senior management team.
New Advisory Board :
Dr. Neale Neelameggham is partner/owner of Ind LLC consulting on metal production and
energy technology. He was one of the original engineers when the US Magnesium plant started
up in 1972. Being newly retired with over forty years of experience in the magnesium industry,
Dr. Neelameggham is recognized as a premier researcher and inventor/co-inventor in the
magnesium field and holds 13 registered patents with over 14 papers and publications to his
credit. He has several professional affiliations and is a permanent member of the Magnesium
Committee of the Light Metals Division of the Metallurgical Society.
Ralph Carter, B.Sc. Engineering, resides in Arizona with over 40 years of experience in the
development and operations of Ferrosilicon plants. He was project manager and engineer for
Alcoa at the Addy magnesium plant from 1989 – 2000 and responsible for evaluating, operating
parameters, environmental controls and economic profitability. His previous employer for 20
years was Hanna Mining Company in Riddle, Oregon where he was the operations manager of
the Ferrosilicon plant responsible for all activities at the mine and smelter where high quality
product was produced.
Gavin Treanor is an Aerospace Engineer and was a principal in a Chinese merchant banking firm
for over ten years focused on global sourcing of current and strategic metals for Chinese
clients. He has been the lead on international financial structures and assisted companies in
securing capital, developing assets and various merger and acquisition structures.