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09:04
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Originally posted by Adriano1
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What's a real interesting fact is the uley mine 20 km west of port Lincoln is a big deposit and over the last 30 years I recon I have seen it open about three times when the price if graphite goes up, 80's with the graphite tennis racket, 90's from high price and early 2000 because if less Chinese ore. Every time it's opened up again, it closes a couple yrs later. Why because the production from it and other mines undermines the graphite price. It's a small market the graphite one. Interesting thing is the uley mine is open again. Here comes the flood. It doesn't cost much to open as the infrastructure id already there and in good condition, it's close to a world class port, and above all its a high grade deposit. Can't remember but a company found some graphite about 40 km away on strike from uley and its best hits where nearly 95 %.
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Hi Adriano1Australia’s only graphite mine to reopen VXLPresenttion
