GREY:GLKIF - Post by User
Comment by
OrsonModestoon Feb 09, 2016 10:34pm
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Post# 24542367
RE:I'm thinking we'll get an update very soon!
RE:I'm thinking we'll get an update very soon!Here is Tommy's follow up comments on ceo.ca after his conversation with GLK:
"
Spoke to a small would-be #graphite producer today some of you will know, Great Lakes Graphite $GLK. They leased a micronizarion mill near Timmins (subject to a royalty and minimums) https://www.greatlakesgraphite.com/properties/matheson/ and say it could be turned on in the next couple of weeks. There's 20 tonnes of material on site imported from Brazil and more on the way. They think they can make roughly $700-2000 per ton markup. There's some debt and a 8% gross royalty to some early backers, which is steep. Not much cash in the bank so this launch will need to go smooth. Exciting times for them nonetheless. They would like to use cash flow to advance a graphite property they have in Quebec and or other acquisitions. All figures approx and from memory." 0