RE: RE: RE: Gold Canyon Prove it For the last time. I am not WR.
Those are questions that I cannot answer. I am not an economist. I am a fat fingered geo typing on a miniture keyboard. .
I was made well aware that the entire 11,000 tonnes of lump goes to Germany. So if you are so well informed.. please tell the board the prices that the Germans pay for their lump?
What I am good at is evaluating early stage projects minong potential. An open pit at Albany is questionable unless the company is netting prices of $4k and up and even then it is questionable because the current market is only 11,000 tonnes. An open pit at Albany isn't even feasible unitl you have 2,000 to 3,000 tpd pit because of economies of scale and strip which would put Albany at 3 to 4 times the current lump.
Now I am not the ecomnomist... WR claims to be. I am the geo. but 30k to 40k tonnes of extra lump at 97.2% onto the market is really going to screw up the laws of supply and demand and pricing and certainly give the Germans the power in the market when it comes to negotiating.
Now you better be certin that there will be a market for ZEN's product becaues that is an awful lot of graphite. It is why everyone is looking at Large Flake... because it is the potentail market that will increase exponentially and so far asides from theories and pretest tube talk about ZEN... the spherical market looks to be large flake because the product loss in conversion is so much less than the rest.
30% vs 70% is huge and is like haveing a depoisit go from 2% to 4%... So if ZEN conversion factor is 70% and NGC remains at 30% and the ZEN grade ends up at 4%... you have identical deposits as far as the numbers are run with one major difference.
NGC cost to mine will be a third of ZEN.