RE:For GrapheneGuy Let’s do some non-Musky math, okay? Let’s calculate the embedded costs already spent on the bulk sample, and try to relate those to the graphite concentrate everyone is waiting for.
$1,042,009 is the drilling cost. $542,283 are the site costs (ice road, drill site prep, staging area, etc.). Without including some of the other related but vague expenses in the table on page 6 of the MD&A, we have costs of extracting the bulk sample at $1,584,292.
We’re told that they recovered 110 tonnes of graphite ore. Let’s give them a grade of 6%, and assume that they can recover 90% of the graphite, so we could produce a graphite concentrate mass of:
110 tonnes times 6% times 0.9 recovery = 5.94 tonnes of recoverable graphite in the ore.
So they spent $1,584,292 hoping to recover 5.94 tonnes of graphite, which is an embedded cost of $266,716/tonne, or $0.2667/gram.
Now that does not consider any other costs, such as the actual cost of flotation concentration or chemical purification to reach 99.8% purity, or any other costs related to it (shipping, consulting, report generation, G&A, etc.). We’re already at about $267k/tonne for unrecovered graphite in ore sacks stored in Hearst.
Good luck at making any profit from this exercise. Remember, the graphite is still in the ore, and we haven’t looked at costs of graphene production yet (which are themselves considerable, or graphene would not cost so much), and the costs are already $266,716/tonne. plus plus plus plus
BTW, have you ever seen a company pay you to test your material? Ballard did years of testing of ZEN's graphite. Did you ever see a dollar of revenue booked in the financial statements? No, because that's not the way it works in the real world. Keep on dreaming, though.