GREY:ABGPF - Post by User
Post by
DoctorFouadon Jan 03, 2015 2:07pm
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Post# 23282536
Bama VS Coosa, should ALP make a choice now ?
Bama VS Coosa, should ALP make a choice now ?Hi everyone and happy new year,
My understanding is that management is upgrading their National Instrument NI43 resource estimate for the Coosa property, and also preparing a preliminary economic assessment for the first half of 2015.
My question is : what about Bama ? is it financially feasible to prepare different PEAs for each property ? given that there is approximately 30 miles between coosa and bama, and realistically speaking only one mine could be built, why bother with Coosa and spend more money on itn, if Bama is better in terms of graphite distribution and purity ? (96% vs 92% after flotation)
I just dont believe ALP has any time to waste or financial resources to waste on two different graphite properties. they should just focus on one of them. Yes they spent a lot of money on coosa, but if bama has better potential, they could just sell their coosa property or postpone its development until they get their mine running in bama.
any thoughs are much appreciated,
thanks