The company never achieved a full production run because it wasn't profitable to do so, not because they couldn't. The trial shipment of 20 tonnes made them zero profits, actually cost them money. Keep in mind that to break into the market and establish themselves a new entrant has to offer mineral below the market price. No green issues? The company went to the expense of hiring an environmental scientist with background in getting govt approvals. They have a graphite mine near pristine tourist focussed Pt Lincoln SA. They have never managed to get deep mining approved because water contamination concerns. Of course the greenies were a problem as were SA Govt regs and it has cost the company funds they don't have.
VXL Price at posting:
16.0¢ Sentiment: Sell Disclosure: Not Held
