GREY:ABGPF - Post by User
Post by
mancunian474732on Feb 16, 2017 9:20am
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Post# 25853931
RE: Alabama Graphite: The Most Advanced Graphite Project in
RE: Alabama Graphite: The Most Advanced Graphite Project in
Timeline for 2017 and 2018 as follows.
1. We are expecting great results from C$PG samples which were sent to DOD etc. and those are expected before the end of the 1st qtr 2017. Baxter knows what he is doing.
2. With good sample results there should be no problem obtaining loan of $4 to $5 million loan to keep the process moving along.
3. Feasibility study hopefully will not take long, and I'll bet they have been working on it for quite a some time.
4. So according to that video report posted by Seasammy55 we should see Project Construction in the 1st quarter 2018, and Production to start in the 2nd qtr. 2018.
Graphite prices are expected to drop in 2017 by between 10% and 15% as the Chinese removed a 20% export tax, due to pressure from WTO.
We should see graphite prices really start to pick up in late 2017 and into 2018 as China introduces severe Enviromental tax penalties on miners. They really need to cut down on pollution, and it looks as though they are taking some serious steps starting in Jan 2018 and this should balance the removal of the 20% export duty.
Tesla has the Gigafactory moving along at a fast pace and there are lots of other EVs being introduced.
Not often mentioned that China has 7 Gigafactories and one of them is larger than Tesla's. Also their EV industry is in full swing, so they will be needing lots of graphite.
We should start to see the stock price for C$PG start to pick up very soon.
I guess some investors are selling the stock because of the price of graphite, but there is a demand for the stock and it is easily holding at 17 cents............FOR NOW.