RE:RE:All hat and no cattleAgreed, GLK is not comparable to Asbury and Timcal. Those companies have expertise, customers and many, many years of operating and marketing experience. GLK has nothing but a lease on a disused facility and a hope that one day they might find enough graphite on their property to mine it themselves instead of importing from Brazil.
Asbury used to mine its own graphite, until it became less expensive to import from China and Brazil. Asbury has also stated that they will get back into the mining end of the business of they see a good opportunity.
Only a very gullible person would believe that GLK can just walk into the graphite upgrading business without any competition.
As for being first in North America to be profitable - that will very much depend on what they find in the ground. So far the grades they have discovered don't indicate a profitable operation when compared to the likes of Focus and Mason.
All of the graphite companies are struggling to find financing. Graphite demand has fallen, prices have stayed down and most new projects are not be viable at today's prices. There is also the big shadow of Syrah Resources, who will be able to flood the market with cheap graphite by 2016.
Why do you think this upstart little company, with no proven resources and no foothold in the market will ever be profitable?
What information have you uncovered in your DD that even indicates such an outcome?
wallstreet12345 wrote: Before you start comparing other companies. One thing you need to know is that Great Lakes Graphite isn't comparable to what you listed. I would do your DD before comparing other companies with Great Lakes Graphite, lol. Great lakes Graphite will be the first of its kind in North America to be profitable. : )