GREY:ABGPF - Post by User
Comment by
DoctorFouadon Jan 04, 2015 2:10pm
![](https://assets.stockhouse.com/kentico-cms/0342-00/images/Sprite.svg#id_Post_Views_Icon)
126 Views
Post# 23283998
RE:RE:RE:RE:RE:RE:Myths in the industry & ALP secret weapon to convince Tesla!
RE:RE:RE:RE:RE:RE:Myths in the industry & ALP secret weapon to convince Tesla!thanks micromanager. I really hope the 5 anomalies they found on coosa could reveal at least a good resopurce a la Bama. it would be unfortunate after years of exploration to abandon a huge graphite deposit like Coosa.
My main worries for Coosa is that eventhough the deposit is so big (more than 30 million tonnes of ore of measured and indicated resources), the head grade is so low (3% average, with a very low cut off at 2%), and the mettalurgical results are relatively disappointing (only 92% concentrate purity). Moreso when you compare to some other canadian déposits, which exhibit 10%+ head grade, with 94-98% concentrate purity (Focus graphite, Mason graphite).
Thats why Bama discovery is important, it puts ALP directly with the top of canadian companies in terms of graphite quality deposits.
I am doubtful that the new coosa anomalies could radically change the quality of the overall deposit, but who knows, i would love to be provern wrong, and if the area of the anomalies reveals a far higher head grade and better purity test results after drilling, they could just build their mine in this area, and use the remaining lower grade of the deposit in the future as an expansion plan.
all this brings us to two unknowns/questions :
1/ could they improve the coosa deposit quality ?
2/could they find a sufficiently large graphite deposit in Bama ?