GREY:ABGPF - Post by User
Comment by
Realist2018on Jan 04, 2018 4:03pm
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Post# 27283711
RE:Touting?
RE:Touting?No, Nino9 I had not read that report. And I have no interest in touting Syrah. I don’t own any shares and I don’t know anyone who does. I’m simply aware of the magnitude of the project, no secret within the graphite space. It’s the elephant in the room.
You are correct, the Viceroy report is not positive; it even disses the weather. Do you know its date? It seems to have been written pre-construction and according to Syrah, first production was achieved late last year, apparently despite “shonky” management (I had to look up the definition, it’s not nice).
Not to tout, shout or pout – one of the report’s bolded points is that “Balama production will more than double the current market supply and likely cause graphite prices to collapse”. Unless that’s just sour grapes from a shorter (read the Disclaimer), it reinforces my thought that there’s an opportunity for Westwater to procure graphite concentrate on the world market meeting CSPG’s specifications for clorination for less, perhaps much less, than the cost of producing same from Coosa.
According to CSPG’s PEA, it could have a clorination plant up and running for less than the cost of a shopping mall in Birmingham, perhaps quickly, via a Business Plan. Maybe you disagree and perhaps I’m wrong, but I see it as a positive, and why’s that wrong?