There likely will not be any meaningful production.....in my opinion as someone will try to buy CCB out before meaningful production once first reserve estimates are in. They will do so early in my opinion to limit the amount they have to pay for the company. What they will pay will depend on what the amount of reserve estimate is at when they make an offer. I am estimating they will offer 10% of gross value of the graphite which would be about $4.50 per share (based on current shares outstanding) based on the Chiefs estimates of 560,000 tonnes and $8,000 per tonne. Of course that is a very conservative estimate of an offer and could be much higher than that depending on the bidder and the amount of reserves and the purity levels. All just my opinion however, do your own due diligence.