I'm waiting on environmental permit to open Vittangi mine, to be able to mine 100,000 tonnes of graphite ore for mine life of 24 years to be able to produce 19ktpa of Anode Material.
So I don't hold anymore. Will get back in if the above mine permitting is approved.
Big share price upside will only come with the following announcements.
1) 19ktpa Anode Material off take agreement. 2) 84ktpa Anode Material detailed feasibility study. 3) 84ktpa Anode Material Niska mine environmental permitting. 4) 84ktpa Anode Material off take agreement.
Above points will only come after the first 19ktpa mine environmental permitting approval. But until then this is a high risk bet.
In a country that have just opened 1 new mine since 2010. Do the math. Guess the statement applies here "fake it until you make it."
TLG Price at posting:
$1.68 Sentiment: None Disclosure: Not Held
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