daytraders after market lounge 2nd may 2012, page-35

ttc,

am no graphite guru, just read and try to absorb everything going on - sector hot atm.

TLG - did you read the weekend AFR - Luke Forrestal's story goes that Mark Thompson, MD, was looking at graphite as a potential means of raising money to progress the gold projects, but was intrigued by the potential as the requirement for lithium ion batteries was 30 times more than that of lithuim.

He says the average cost of building a graphite mine is about $50m, and "Thompson believes a customer looking to secure supply could cover that entire amount, meaning the company wouldn't have to go to the mkt for funding"

But as with early stage explor plays, it is not without risks - still need to come to agreement with Sami reindeer herders, (trad. owners) and must prove up resources from inferrred category, and show that it is a saleable product.