Graphite price outlook, page-6

Here is the summary: But is this reassuring for an investor wanting to know the profitability of the company and being asked to contribute to a credit raising at .70 per share?

2014 09 15 VXL Announcement on Feasibility Study Program v0.8
DRILLING & PHASE II FEASIBILITY STUDY

• Phase II feasibility study program envisages expansion of capacity by 50,000 tpa with flexibility to increase the Phase II plant to 100,000 tpa.
• On 1 September 2014 Valence Industries announced unique high-grade in-fill drilling results with 29.8% graphitic Carbon over 16m including 10m @ 38% graphitic Carbon, and further assay results are pending.
• Given the significance of the high-grade in-fill drilling results, the feasibility study is now being reviewed to optimise the Phase II development.