CLQ and Vanadium, page-4

There are a few different sources from what I understand that are related to coal, shale oil, coke, or petro. One of the potential rock types is in something in China called "stone coal."


The vanadium seems to be there whether it is in the unprocessed geology deposits, or in the waste from the processing of those minerals.

While I am sure there will pursuit of vanadium through conventional hard rock deposits, I believe that the fastest and most economical delivery of vanadium will be from the new generation of "techno miners". From what I have seen, CLQ is the leader in this group; but there are other companies following the same general idea: for example, MGX Minerals, Neometals, and so on.

In passing I would like to comment on MGX Minerals, a Canadian company. I discovered it recently
and entered badly, my position shows a loss, but will be adding at current price levels.

MGX seems to be on the same type of path as CLQ, in that they are pursuing extraction of hot battery metals from various unconventional "ore" types. MGX is active in extracting vanadium and lithium from
petro waste in Canada. They have strong ties to Teck, whom I have tremendous respect for (no current position in Teck, fromer long, going to re-enter). As an investor, TECK and MGX gives me exposure in certain materials that are complementary to other positions where I have little or no coverage: Zinc,
coal, lithium.

There is a clear distinction in the targets selected by Teck/MGX, compared to CLQ. I do not believe this is an accident.

There is a book called The Big Score, which is about RF and the discovery and sale of Voisey Bay. The author is fascinated by RF but is somewhat skeptical of him...she regards him as more of a hustler and a promoter than anything else. So she is not ga-ga about him.

But here the author's point of view about RF is not germane here. What is germane is that Teck, while they did not have the winning bid at the Voisey Bay auction, is a smart, decisive company that got a real close look at Friedland as a result of their interaction concerning Voisey's Bay. I had a high opinion of Teck beforehand, but reading about them in connection with Voisey's Bay added more to my already high opinion. They are very astute.

What I believe happened is that they have taken a page out of Friedland's book. They have not slavishly copied his strategy, but rather have skillfully applied it to their own circumstances. I am sure they have an eye on Robert Friedland.

One result is that there was Teck backing for MGX. MGX is a new "techno-miner" that is interested in clean energy deriving from from coal, shale oil, and other resources that are long within Teck's portfolio of mining interests, such as zinc. And recently MGX acquired Zincnyx, a technology company that is developing a grid battery storage format using zinc chemistry. Another parallel between CLQ and MGX is that they are clever about getting government and research support. Western Canada has a lot of water waste from shale oil and coal.

Teck is a power, a big cap on the NYSE. MGX is a micro cap, they are on the TSX.

DYOR.

Best to all.