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10:27
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Originally posted by JBaker12
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The company has a high quality deposit in grade and split and they have found customers to fill out planned production. No comment can be made on COP as they never achieved a full run of production, however based on the feasibility and the prices they were getting on their contracts, operations would have been comfortably profitable in what is downturn in graphite pricing. The greenies or local groups were never a problem, all process amendments (water management) and such were borne from the formal EIS process. The company never spun itself as high tech, it stated it was a provider of a wide range of graphite product including specialists ranges which have high end tech applications that few else are in a position to do. The fact they haven't gotten these types of customers doe not mean they have failed at this, customers of these products have qualification periods of up to 3 years. It was not some hail mary spin which FDR has resorted to.
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Failure to meet nameplate production cannot go unaddressed.
