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Gold/Mining/Energy : Canada Carbon CCB-V
CCB 106.50+2.0%Oct 31 5:00 PM EST

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From: RSCorky6/7/2017 10:27:38 AM
  Read Replies (2) of 1871
 
The world according to those who bought CCB's magic beans

"The mine is on the CUSP of starting production. Production will begin in about 4-5 weeks. Soon we will be supplying China exclusively with graphite at all their new state of the art nuclear reactors. The Chinese are renowned for spending a little extra to have the best quality, and obviously have no resources of their own so they will be exclusively dependent on importing BEST IN THE WORLD graphite at the Miller mine. On top of that, we will also be producing the best marble in the world, and I predict that every single customer of marble will want to buy the Miller marble and CCB will end up being worth more than Microsoft. It's just a matter of time. 4-5 weeks tops until production, 1-2 years until every Chinese reactor is using Miller Graphite. All environmental studies have been concluded and the consultation phase is done, so its smooth sailing ahead.

The real world:

CCB releases an update yesterday that it has not yet completed feasibility studies on its project, and will post environmental. Uses all kinds of language that indicates that Miller is no where near production (despite the claim months ago that it would be ready in April and then May)

...as we continue to assess options

..-fill drilling will be performed in areas where past drill sample density supported only inferred graphite resources

...this summer's drill program. (doesn't sound like an operation mine to me)

Canada Carbon has established a dedicated page on its website to host final environmental and other assessment reports, which will be updated as new information becomes available

...will provide periodic updates via newspaper ads and flyers delivered to GSLR residents, and will hold further public meetings from time to time as the results of the Project feasibility study are made public and the quarry and mine permit applications are considered.

So apparently "on the cusp" means "not yet consulted with the public or completed feasibility studies or many other studies that are required to get approval to mine, and could easily and likely derail the whole project.

OH, and not to mention - they just declared a nature reserve right around them mine area. I bet that this will have no impact in this project at all. After all, mines are built in/next to declared nature reserves all the time!

ici.radio-canada.ca

But yeah...."On the CUSP of supplying China via production starting this summer"....what a fantastic (although sad and delusion) imagination these CCBers have
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