Risk Versus Reward Lomiko Signs a Transformational Graphite Deal with Graphene Labs
Kevin Michael Grace February 28, 2013 - Just one year ago, graphite was the new black gold. The market couldn’t get enough of it, and hardly a week went by without the announcement of a new graphite company or an old company repurposed to meet what was going to be a critical shortage of supply. Investors bought on the rumour, and one year later, they’ve sold on the news. Paul Gill, President/CEO of Lomiko Metals Inc T.LMR, puts it bluntly, “So many of the small graphite companies are walking dead because there is never going to be a customer for them.”
He explains, “You have Syrah Resources in Australia, which has just put out a huge graphite resource. You have Energizer T.EGZ in Madagascar and Timcal operating in Quebec and Northern Graphite V.NGC in Ontario. Demand is rising organically at 20% annually, but the amount of supply in the pipeline has blossomed incredibly.”
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the rest of this article about Lomiko Metals and graphite here.