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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (13263)	6/12/2015 3:18:26 PM
From: Goose94	Read Replies (2) \| Respond to of 202172

Great Lakes Graphite (GLK-V): Getting Specific About Matheson With Mike Coscia and Jerry Janik (Audio interview) - miningwealth.com I recently had the opportunity to meet and speak with two new team members at Great Lakes Graphite: Mike Coscia and Jerry Janik. Mike was brought on very recently to market the company’s products and Jerry–the company’s new COO–will be in charge of operating the Matheson Plant–a soon-to-be graphite micronization facility near Timmins, Ontario. As you will learn, Great Lakes Graphite is leasing the Matheson Plant in order to micronize graphite that it purchases from Brazil. Micronized graphite comes in many different grind sizes and has several industrial applications. Great Lakes will be selling custom-ordered micronized graphite. Micronized graphite products can be sold for a hefty premium to raw graphite prices, and since raw graphite prices have been so weak, upgrading graphite is currently a much more attractive business than mining and selling raw graphite. The company is larger than this with its Lochaber Mine, but right now the focus is on Matheson. This is why I wanted my readers to hear from Mike and Jerry, rather than CEO Paul Gorman. This approach is hardly dismissive of Paul and his expertise as it showcases the superb team that he has assembled. While I have spoken with Paul and several other Great Lakes team members in the past this was my first time speaking with Mike and Jerry, and I was impressed. These guys have an on-the-ground knowledge of the graphite market. This is evidenced in their comments, which provide incredible detail regarding Great Lakes’ future endeavors. This detail is what makes these guys credible. Finally, if we hold Great Lakes up to the primary criticisms I have of graphite companies: They want to produce too much.They want to secure offtake agreements rather than value-adding themselves.They want to start off producing at full capacity even though sales start small and grow gradually).They make optimistic graphite price assumptions.None of them apply. I am long Great Lakes Graphite.