lol, they are good marketers though, their main issue however is that their deposit despite being a large flakes one (90% of the graphite is large fake), it is extremely low grade (less than 2% of graphite) and its a rock deposit, hence those poor large flakes will mostly get destroyed through blasting/grinding, so the realistic recovery rate of graphite is questionable.....IMO at current prices/ state of the competition, their deposit is simply uneconomical, and there is no way they could compete with the chinese/brazilians/africans.
If I was a financier I would be crazy to accept financing a less than 2% head grade rock based graphite project in an extremely cold / icy weather and a remote location in north america.....which may explain why they were the first in the graphite juniors space to achieve a feasibility study (august 2012), yet no financing until now....
In Tsx venture, I myself with a graphite friend we like to call these junior graphite companies with unrealistic projects and extremely low probability of the project receiving financing and getting built : Zombie graphite companies ! they drag backward the whole graphite sector, they refuse to die (like zombies) and they prevent serious projects from getting the attention they deserve from investors.....they drain poor investors money like mosquitos draining blood from their victims.....there are many of them on Tsx venture (and ASX too) and they give bad publicity to the sector as a whole....
