RE:RE:How quick can GPH start producing spherical graphite?From what I can learn all these projects need huge capital investments to make it to production. In this investment environment no one ir ready to cut a cheque for tens of millions of dollars to build a mine without contracts in place. So there is the basic issue, no project will start producing until they have the funds which will not come unless there is a firm contract in place.
All these stocks have a huge element of risk that investors will lose their total investment. Myself I have made an investment in one and have been poking around others trying to find a mine worth rolling the ice on.
EGA eagle graphite has all the environmental and mining permits in place. They need to increase the proven resource. They have a large area already with options on more land to mine. They have an easy sand base to mine the graphite from so no chemicals needed. Already hooked into the grid so the operation will not depend on diesel generators to operate. Tesla says it wants a cleaner source so thinking this might be a plus. The eagle mine is a short truck ride to rail and then down to Nevada.
They recently had a press release announcing the results from a test to see how their pprocessed graphite would be suitable for LIthium ion batteries.
Graphite for lithium-ion ("Li-Ion") battery anodes requires a series of processing steps following the production of conventional flake graphite concentrate. For these tests, the Company elected to use the finest fraction of flakes available from the Black Crystal project, as graphite fines carry the lowest market value prior to value-added processing. The -100 micron fines were processed in a series of commercial spheronising machines. It should be noted that this equipment requires a minimum of several kilograms of feed, which is a quantity that is not normally available from projects lacking production history. The spheronising machinery reduced the size and shape of the graphite flakes to produce rounded particles averaging 20 microns in diameter, conforming to the most common specifications for lithium ion battery anodes. The spheronised particles were then purified and coated before being made into coin cells for electrochemical testing. The construction of the test cells and subsequent testing were carried out by an experienced independent laboratory.
I have made several stock purchases of this stock as I believe it has a better oportunity to get part of the Tesla graphite (and that is all that is needed to super charge the stock) contract than most other mines, but I am still looking to hedge my bets with other purchases.
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