Richland acquired the Merelani Tanzanite and Graphite Mine in 2004 from African Gem Resources Limited (“AFGEM”). The Merelani Graphite Mine commenced mining operations in 1995 and produced 6,776 tonnes of graphite. Graphite sales was through Harbison-Walker Refractories Company located in the USA and was via an offtake agreement. Mineralisation was initially identified to be sufficient for a 40-year operation at a mining rate of 15,000 tonnes per annum of high-grade flake graphite of 97-98% purity. However, the mine encountered financial problems in 1997 and the last shipment of remaining stockpiled ore was made in February 1998. - See more at: http://investorintel.com/graphite-g...erelani-graphite-assets/#sthash.WfmI2KOs.dpuf
Roughly 2 years so the price wouldn't have changed much in the 2 years.
peer comparisons, from presentation, page-312
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