ENERGIZER RESOURCES INC T.EGZ

V2O5?

[StoogeNo4]

It's kinda hard to get excited about vanadium with this company when they're going full bore (supposedly) to create a graphite mine.  So far, we don't even have a permit for that!  Show me some material progress on the graphite, and then I'll start thinking again about the vanadium.  For the time being, all I've heard from management is that vanadium is a bonus and they aren't even thinking about it right now.  They need to make the most of the graphite for the V2O5 to be economically feasible.

Management will tell you that material progress includes all of the money spent on engineering development and value engineering.  It's all paper, people.  Until they have an agreement or they start digging, it's all work that sits in a file cabinet doing investors no good.

We've been crushed by the market: due to the bear, and due to Kirk McKinnon and Richard Schler.  Remaining management are still making a go at it.  Longs can only hope for the best.  I'm not feeling entirely warm and fuzzy about Dundee just yet.

[riverrock]

StoogeNo4, I understand your concerns but at this stage all we can do is wait for a better price. I believe we have equal or better better resources than Magnis Resources whose float is similar to ours and closed at A $0.84 today. The Aussie $ is presently on par with the Canadian $.   We also have an excellent battery grade vanadium resource. In addition VRB's could possibly be

[StoogeNo4]

Riverrock, I agree with what you're saying.  To be honest, I stopped looking at VRB's when our resource interests (rightfully) changed.  I've kept V2O5 in the back of my mind knowing that it's a big bonus to us if we get the graphite going.  If I settle down and allot the time necessary to sit and study the VRB's I could probably offer insights of my own.  

[riverrock]

I incorrectly stated the CellCube FB 10 dimentions, they are 15' long x 7' wide x 8' high.