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ENERGIZER RESOURCES INC T.EGZ

"Energizer Resources Inc is an exploration stage company. It is engaged in the advancement of the Molo Graphite Project, consisting of a commercially minable graphite deposit situated in the African country of Madagascar."


TSX:EGZ - Post by User

Comment by Doingmybeston Feb 10, 2015 12:07pm
145 Views
Post# 23414520

RE:FS non event in market.

RE:FS non event in market.Supply is great, 53k/yr and the project will turn a profit. Current market is 375k/yr of flake. Can the market absorb 53k? Who can use it? 

Once demand marterializes, the project will move forward. EGZ still needs 160 million to build this mine, a big number when there are 0 MOUs or off-takes. 

FS largely confirmed numbers laid out in the 2013 PEA, but we need a buyer, just as many of us stated back in 2013 when the PEA did not move the market. 
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