Alabama Graphite Corp. Com ABGPF

Potential Plant

[fsamford]

Some of you have been talking about what an actual production facility in Coosa County might involve.  I visited Coosa in August because an engineer friend of mine from Birmingham had been two months earlier.  He had a conversation with Alabama Graphite people and asked what was envisioned.  In an email to me, he said the following: "They estimate a 1000 acre operation that would contain the tailings and settling pond, open pits, and the crushing/flotation building.  They estimate producing 25,000 tons of graphite per year."  I don't know whether this estimate was casual or whether it represented the thinking of management at the time.  In any event, I thought I would pass it along.   Maybe, it will help with modeling CAPEX, potential costs, and revenue.