Post by
richardtrader on Sep 22, 2014 8:11am
May GAP up this morning,
T.EGZ | August 25, 2014 TORONTO, ONTARIO--(Marketwired - Aug 25, 2014) - Energizer Resources Inc. (TSX:EGZ)(OTCQX:ENZR)(WKN:A1CXW3) ("Energizer" or the "Company") is pleased to announce that Stormcrow Capital Ltd. ("Stormcrow"), a Canadian research and technical consulting firm specializing in critical materials, has initiated equity analyst coverage of Energizer Resources. Energizer Resources is a mineral exploration and mine development company based in Toronto, Canada, that is developing its 100%-owned, flagship Molo Graphite Project in southern Madagascar. The Molo is one of the largest known all-flake graphite deposits in the world and hosts a NI 43-101 compliant Measured resource of 23.62 million tonnes (MT) grading 6.32% carbon (C), an Indicated resource of 76.75 MT grading 6.25% C and an Inferred resource of 40.91 MT at 5.78% C, for a combined total of 141.28 MT at 6.13%C. Energizer is at the full feasibility stage, with the Study to be released by the fourth quarter of 2014. Results of the Company's recently completed pilot plant operation confirmed that 43.5% of the Molo deposit is classified as the premium-priced large and extra-large flake, with an average purity level in excess of 97%C achieved through standard flotation alone. The Company is targeting production in the second or third quarter of 2016. Energizer's total land package in southern Madagascar encompasses approximately 320 kilometres (198 miles) of continuous graphitic trends, where all graphite mineralization is immediately at surface. In addition to the Molo Graphite Project, Energizer has also identified through drilling, trenching and geological mapping at least six other zones that could be potential stand-alone graphite deposits.
Comment by
Doingmybest on Sep 22, 2014 8:48am
That was old news but pre-market bids are 20 cents. Oversold and rebounding?
Comment by
juniorcal on Sep 22, 2014 10:30am
According to chart on 3 days moving up traded about 17,000000 and on a 3 day moving down traded about 7,000000 . I look at it as buying opportunity and new entry level.