Bob:
I used braided stainless wire (sold in most hardware box stores as picture hanging wire).
I through-bolted the magnesium with a stainless 1/4" bolt and nut. I tied the wire around the bolt and tightened it up.
3 years and no signs of corrosion of the connection. As the magnesium dissolves over time, I can tighten the nut and bolt to take up the slack.
Peter
1981 32' sedan bridge
twin Chrysler 360 cu. in. 250 hp engines
Raw water cooled
Nimbus II
Home port: New Buffalo, MI