Don't let others influence you. If you have inferred, it does not disappear if the infill is zero it can be changed to indicated only the smearing over the area of the zero infill is affected. So at this point we are sitting with about 19K inferred and about 7K sitting on the surface which cannot be categorized.
So at this point if the infill was zero the 19K may be reduced but not by enough to affect the overall total which with the 7K would be still around 20K
20K under normal circumstances would be laughable and not worthy of consideration. Especially based on companies like ZEN MASON etc etc. But you have to understand what the entire purpose was. That was to get a resource that was sufficient to justify a mine. We have done that
20K total would give us a 13 year mine life. Now, we purposely stopped any further work on the East side once we realized we had enough for a FS and mine permit under Q law.
We have covered about .22sq km with the existing resource in an area that is about 30 square miles that is called the East Zone.
Now, I am not going to tell you finding more or alot more is going to be easy. No true vein system is easy, never has been never will be. But, we are open on strike and open to depth and the strike area beyond has been investigated for a continuance and it does, but not investigated enough to add to the resource.
I know Knats have fun with this but the intention is to sell 1500 tonnes not 15000 or 50,000
I have no difficulty with the possibility of $30K per ton and making $50,000,000 a year. Of course as soon as I say that, the knats who recco $242trillion for ZEN, attack.
So just using some processes of normalcy. CCB Graphite was used to create the test procedure for Nuclear Natural Graphite. It was the "control". 3 Facilities were asked to take a sample of our graphite and then test it. Each facility did not know what they were testing other then it was Graphite. Each conducted their test In Accordance with a new procedure. Each facility then reported their findings to ORNL. The three different facilities had to assess the sample within .003 of each other. They reached that plateau and as a result. A new purity level was set for acceptance as Nuclear usage, and we are now the only one that has met that requirement (by mere fact of being the tested unit) so therefore we are the only Natural Graphite that exceeds the new standard.
So, CCB was invited to Vienna, not by payment but by invite. Why? Because all of the people at the conference were part and parcel of approving or contributing too the ASTM that CCB Graphite will now own.
Everyone that either creates Nuclear Pebble Beds, or is experimenting with Pebbles, or is testing Pebbles or will test Pebbles or is researching Pebbles will now have a Nuclear Natural Graphite Standard and a Graphite to order that meets that standard. Considering that prior to the publish of this ASTM the only graphite that can say its passed it is us. Once the ASTM is published then the Control will be us. So its then "meet or exceed the standard (CCB)".
In the interim, we are it. So do I think Mr Duncan was invited over to Vienna for Cocktails? Its possible but I do expect more then that and would be disappointed if we have to repeat G's bullshit which is the Japanese need months of sweet talking to make a move.
However, all that said, the focus is to get to production, nothing much else will deter that. Any production wanted before we actually do produce can be absorbed by the 5 tons we presently have of floated material.
PFS/FS
There is no doubt we have almost all we need to complete this next hoop. However, I would pose this as one thing we await. Would it be to our advantage to try to get a better quote per ton and use that in the PFS/FS or use the $13K only? Much like Muskie wants to see the $242trillion in writing I would like to see a number closer to $30K per ton or tonne. |
