Hi Tickle;
I am talking obviously how both are the clear leader and Safe haven....
SL Vein is so superior to SYR in every way it is not even a contest.
For example compare CAPEX and OPEX !!!!!!
WORD is getting out
@tickle !!!!!!!!!!!!!!!!!!!!!!!!!
First Graphite rises still in April for graphite producers!
https://translate.google.com.au/tra...graphitproduzenten-auf!-200124096&prev=search
This is the breakthrough: As expected, the issue of commercial exploitation license for the graphite project Pandeniya of First Graphite (WKN A2ABY7 / ASX FGR) just a formality . And upon receipt of this license First Graphite can now developing the wells from which the Sri Lanka typical, ultra-pure graphite is to be promoted, to finish. This means: In April First Graphite will produce the first graphite!
Because the company will now conclude on Pandeniya the installation of well casings and thus be able to start this month with the underground mining. It will first go up the tunnels and then take degradation and promoting high-grade graphite in attack.
And this is tantamount to obtaining salable material! Because with a graphite content of more than 90% (!) Is required no further processing of the ore more. The so-called DSO (Direct Shipping Ore) can be sold immediately ...
This First Graphite has completed the so immensely important step from explorer to producer in a remarkably short time. The company is thus one of the first "new arrivals" in the graphite market, which - similar to lithium - greatly benefited from the rapidly increasing demand for lithium-ion batteries.
First Graphite is now planning to sink in the next two years up to 20 wells from which the extremely high grade graphite transition can be promoted. The company itself has not published any forecasts, but analysts Far East Capital estimate that First Graphite could thus achieve an output of 5,000 tons of graphite per year. This, she believes Far East Capital, the company is expected to achieve an EBIT margin of 7.5 million AUD or EBIT of 3.8 cents per share (not diluted)! And of course last traded just 5-6 Australian cents ...
We believe that First Graphite is immediately before a revaluation. If once the promotion of extremely high-grade graphite transition actually running and the company announces first sales, at the latest, the stock should benefit our view.
However, this is of course just the beginning. Until sufficient wells are in operation in order to achieve the above object, passes as I said some time and risks always exist in the mining industry. But is First Graphite our view on the right track. Especially since the true potential of the company is expected to be ultimately in the production of graphs that can be revealed easily made from the material of First Graphite. (As Executive Director Peter Youd us
in an interview explained.) And then very different margins were again possible ...
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Are you also predicting $1 dollar Veiners Tickle?
FGR is a true GRAPHENER... That certainly helps !
Kind Regards
DYOR !!!!
