GREY:ABGPF - Post by User
Comment by
micromanageron Oct 02, 2014 2:42pm
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Post# 22992456
RE:RE:RE:Not the best Graphite play.
RE:RE:RE:Not the best Graphite play.ALP has mountains of data from mining and exploration in the area up until the year 1950 in addition to the existing 43-101 work and the recent series of drilling and bulk sampling so the feasability is supposed to happen very quickly along with a 43-101 upgrade. They already completed rock hardness index testing (which I believe is the best in the world to date for softness and equates directly to lower capex and opex) and ALP is doing an independent transportation cost study. There's no question the Alabama belt is a high quality graphite jurisdiction, definetely the best in the continental usa and the results clearly show that. The management team and board consist of very experienced graphite miners and geo's - some of the best in the world. So if Jean Depatie, Daniel Gofffaux and Rick Keevil think there is something here I don't see a reason not to believe them since they collectively have more commercial graphite expertise than other other team in any junior graphite company. If feasability is delievered in Q1 2015, then nine months permitting and financing production and setup would be realistic production starting mid to end of 2017. Sure it could be a stretch if permitting takes longer or financing doesn't happen but no question it's way faster then any company in Canada can get to production.