Hey Duke.If there is good stuff there how hard will it be to get...

Hey Duke.
If there is good stuff there how hard will it be to get out of marble. I seem to recall being told that it could be excavated with a scraper but that doesn't sound right now.

These are notes I made during a conversation I had with someone from AGY back in April.
I have scrubbed out any names. I don't think anything I wrote down was a big secret at the time.

I have no idea whatsoever if what I was told then was crap but I thought then that maybe I will be rewarded after 15 years in AGY.

AGY Graphite project.

Why graphite?
- Is in demand metal. Currently $2500 - $3000 per ton.
- Will continue to be in demand for many years to come
- Cheap entry in a stable country

Potential of the sites.
-Multiple targets
-The maps show the targets. (Govt magnetic & gravity data)
-Shit loads of stuff lying about all over the site, not just outcroppings.

xxxxxxxxxxxx I think from xxxxxxxxx, says that if they find major concentrations the sp will go from $0.05 to $5.00 very quickly.

The material is from 50 to 100m thick.

Minimal infrastructure costs.
- Everything can be done on site.
- Crushing, screening, flotation. (Benification is via paraffin)
- After processing on site metal can be trucked out.

Cost of production.
- $10 to crush
- $10 to floatation
- $30 profit per ton
If they processed 2mt per year (40k ton a week) that would be $60m profit and 100% for AGY
The plan would be to process a lot more than that. This is presuming a 10% grade per ton.

When will it start?
- Due diligence is completed. Was carried out prior to signing up.
- All the legal stuff has been sorted.
- All the quotes for the geophysic’s etc have been sent out.
- Staff are on site this week to begin field work.
- Will begin sampling next week.

Have purchased two Namibian corporate entities to run project through (Pty Ltd’s)

Funding
- Down the track will have to raise money.
- Maybe via a rights issue so shareholders can participate.

Given that AGY has now been taken over by BAC I guess the raise money bit might not be so pressing.
As I have been in AGY for 15 years I think I have heard it all but this story did make me sit up & take notice at the time. I don't know how the story stacks up now against the photos of the drill targets.