RE:EraThere is news on SEDAR: https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00032904
One of the reasons they are not selling graphite right now is low profit they make. I believe I once read that from the profit on the graphite, they only get 20% + a % on 'I don't know anymore'.
So when the Graphite sells for, by example, 1000 USD.
Lets also say the production cost is 400 USD.
Bear in mind that ERA doesn't own the mine by themselves. Read the annual report on Sedar.
Thysen selss it for 1.000, so they buy it lower. Suppose they buy it for 800 and pay for the shipping.
This means that ERA gets 20% of (800 - 400) = 80 + something. Even if that something is 80 as well, the 1000 USD selling price on the market is 160 USD profit. Not much for all that work.
Don't know the exact numbers, but I think the picture is clear.
However, when they can use all this graphite for anode production the profit will be much higher. And at the end the mine ERA will have had a much higher return. Don't forget it is a small mine with the best graphite in the world. Why selling the same ton for a profit of 160 USD if you can sell it a few months later for more.
Bottomline, it is only a matter of time. Don't know all this, just my idea.
ERA doesn't have a PR-department. So they want to run the company as a low cost company, no spoiling of money as long as there is no relevant revenue. That is very good. No dilution for the sake of nothing. We have all seen the opposite.
For us however, we run in the dark ... unfortunately.
For me the next 3 months will determine the near future. The outcome of the studies decribed in the June 6 newsrelease are the first important milestone.