RE:RE:RE:RE:QuestionsYes, they do.
But those applications need 99.5% Cg, not the 95% that GLK say they will be buying from Brazil.
All of the graphite mining prospects mention Tesla somewhere in their publicity materials. None of them ever mention the fact that Tesla batteries use synthetic graphite and that Tesla has stated that they intend to continue using synthetic graphite.
I like the fact that this company is doing something to differentiate themselves from the pack. The graphite space is going to be very crowded if even a fraction of the proposed mines are ever developed.
I think the idea of fast tracking a low cost facility, possibly using some second-hand equipment is a great one, and I expect GLK to make some announcements along those lines once they have the resource estimates.
But there is something that makes me very wary of getting into this one. I don't like the very misleading headlines and press releases. If they toned it down a bit, they would be more credible.
They describe drill results that indicate about 3% graphite as "exceptional" but 3% is exceptionally poor for a graphite deposit. And this latest release about "generating revenue" is aimed at people who only read the headlines.
The warning signs point to a pump and dump.
sphereweb wrote:
They also mention in the presentation a lot more industries than that.. such as batteries for EV..
hint: think of Tesla and Apple car..