FGR 5.56% 5.1¢ first graphene limited

Look at the TLG fan club come out of the woodwork today! woohoo....

  1. 1,066 Posts.
    Look at the TLG fan club come out of the woodwork today! woohoo.  As others have said, FGR is transitioning from a 'miner' to a 'graphene supplier'.  They are in negotiations with folks over the graphene tech, these negotiations are no doubt contingent on a number of factors, one being security of supply.  I doubt FGR will be buying all of that 1000tpa but the agreement is there to satisfy the end user.  60 tonnes of ore for graphene testing is a heck of a lot as far as graphene goes, and obviously in case you aren't aware FGR is running full steam ahead to grpahene supply they can not wait for their shafts to start producing.  

    This does not mean that FGR will not be able to both mine the ore and supply the graphene, but rather that the graphene plans are developing faster than their mining plans, so what are they to do? turn around to potential customers and say sorry bloke just gotta wait awhile and we'll have supply - not going to happen.  The customers want to get first mover advantages also. Whilst rather vague, and expectedly so, companies want the product, and want certainty of supply, Some of these parties have rights to technological advancements and intellectual property that they are prepared to offer First Graphite, to partner them in their commercialisation. I think some folks can't see the forest for all the trees.  Perhaps i'm just biased.
 
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