GREY:BNCIF - Post by User
Comment by
TKingadvisorson Mar 03, 2015 1:50pm
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Post# 23484641
RE:RE:Look at Asx website . They mention about Nrt
RE:RE:Look at Asx website . They mention about NrtOut of all the Graphite companies on the TSX-V. The only one that have any revenue in 2014 is Big North. COGS is higher than revenue because graphite production is still relatively small. They will need to scale to at least 4,000-5,000 tonnes per year to be profitable. (current is less than 1,000 tonnes of amorphous graphite). That's not even considering the El Tejon mine and mill. Big North could simply enter a Joint venture with Asx(market cap $12M) when an Australian company eyeing on the El Tejon you know we got something that the industry players want. This really make me think that Flinders Resource intention was to bankrupt Big North so that they can scope up El Tejon for cheap.