GREY:ABGPF - Post by User
Post by
DoctorFouadon Oct 06, 2015 7:36am
267 Views
Post# 24166398
Mason out of the race, ALP the last horse standing !
Mason out of the race, ALP the last horse standing !Hi all,
Now that Mason graphite unveiled its feasibility study with an unrealistic high capex of 165.9 M$, unrealistic production/sales target of 51.900tonne per year (12.5% of world wide flake graphite supply estimated at 400.000tonnes per year) and unrealistic average price of run of mine graphite at 1465USD$ (max 1000USD$ real price due to world over-supply/lack of demand/chinese competition). I consider that Mason, at least in the short run/dedium run, has almost ZERO chancces getting financed in this depressed resource market, and thus it is safe to consider it out of the race to supply Tesla/north american market in the upcoming years.
This left us with ALP as the only horse left in this tough race. PEA to be published in q4 2015, will reveal if ALP management know better or not than Mason ones. it is unfortunate that we came to this state of affairs in the promising graphite sector....hopefully ALP is the savior here for investors who lost a lot of money in this sector due to strategic mistakes from managements...lets hope for a low realistic CAPEX (less than 80M$), low realistic production/sales targets (less than 30.000tonnes annually, preferably 20.000tonnes max), and low realistic graphite prices (max 1300US$ per tonne for 96% large flake graphite). And lets hope they accelerate the execution of their value added graphite plan. otherwise, the chinese will supply tesla gigafactory.
happy graphite investing to all,