First Graphite Ltd: Production

When will our own mine be in production?

https://www.dropbox.com/s/9v9290qrvvqvzvz/Notes from FGR AGM Held 21 Nov '16.pdf?dl=0

In terms of updating the shaft progress:

At Aluketiya, shaft H (this is the shaft in the area where three significant veins, including the monster 1.7m one are defined) currently has just 6m to go.

Shaft J has a further 15m to reach the bedrock target.

At Pandeniya (where the voids resulting from old artisanal workings were encountered) the mining team is making good progress to sink the shaft to a safe level below the old workings.

They expect to have this complete in about two weeks.

There is no target date - when it is done it is done. But it's not far away.

The number of employees in SL now numbers 60, who work in mining teams of 7, and progress on improving performance and attitude to safe working methods is constantly improving.

Craig commented that historically, mining methods were often unsafe, and it has taken 9 months of training to improve this to a good level.
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The shareholders in the meeting were very happy to hear these answers, and no concerns were raised.

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FGR Management do not hype and we have no reason to doubt this veracity. Trust but verify of course but I would say this news is going to be epic.


What do you think?






Kind Regards

DYOR!!!