AXE: I'd suggest some here look at Zenyatta (ZEN.V) on the Vancouver Stock Exchange to see where AXE might be headed. Zenyatta's share price has doubled since Feb 4 when they announced they can produce ultra high purity graphite grading 99.96%.
It looks like AXE is going to enter the same space competing in the synthetic graphite market, where product sells for upwards of $7,000 per tonne. This will lead to very, very high margins. Remember, the synthetic graphite market is the same size as the natural graphite market at approximately 1.5 million tonnes per year.
In my opinion this is a game changing announcement for AXE. Now let's see if the market agrees.
