GPHOF Reports Publishes New Findings On Graphite One Initial Drill Results
GPHOF Reports has commented on recent testing from Graphic One’s new Alaskan site announcing they have discovered the second largest high grade, large flake graphite site in the world.
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Vancouver, BC, December 12, 2014 (FPRC) -- Graphite has become a critical mineral globally; the demand for it is growing exponentially. Since 2000, consumption of flake graphite has doubled. The United States imports 100% of its graphite supply, 60% from China alone, however resources are steadily depleting and exports are declining. Graphite demand is expected to grow 6% per annum to about 3.9 million metric tons in 2018. Tesla Motor’s “Gigafactory” will be the catalyst for making the US the largest source of lithium-ion batteries while doubling the current global demand for large-flake graphite. Graphite One (TSXV:GPH), a North American graphite company with the potential to hugely benefit from this increase in graphite demand. Graphite One has 100% interest in the Graphite Creek deposit located in Alaska with direct access to the Western seaboard and the Pacific Rim. The highest grade mineralization ranges from 3%-7% graphite in the area.
The company just announced drill results from their most recent campaign and all ten of their holes intercepted significant widths of high-grade near surface graphite mineralization. Hitting 7M of 20.90%, 50M of 6.13%, 38M of 10.57% and 23M of 8.70% graphite is undeniably spectacular and should not be taken lightly.
The results are significant because these at- and near-surface deposits are low cost, and can tie in directly to Tesla. GPH management is working hard towards their inaugural PEA to show potential end buyers and investors the economic viability of their project. So far, their latest few drill campaigns have proven to be very accretive to shareholders. Graphite One (GPH.V) is looking to become the world’s lowest costing producer of graphite. The stock is currently sitting at $0.14, and if they’re able to achieve their goals, the stock could potentially look very cheap at these levels.
A spokesperson for Graphite One explained, “I want you to turn your attention to other mining companies, specifically Syrah Resources on the Australian Stock Exchange. Syrah is sitting around a $575 Million market cap today and has about 1.15 Billion tonnes of graphite located in Mozambique. Graphite One’s market cap is only 4.5% ($23 million) of Syrah’s. Yet, Graphite Creek has a resource that is almost 25% of theirs. This proportional disconnect is the source of a huge upside potential for investors. Add to this the surface level graphite and the superior jurisdiction, and it’s a safe and exciting opportunity. We have only drilled 25% of our 18km strike length, so the future is looking very bright.”
About GPHOF Reports: GPHOF Reports provides information for Angel Investors, Stock Market Investors, Brokers, Traders and Entrepreneurs. Their resources empowers the investors to make educated investments in Graphite stocks. Information presented on the website is mostly focused on Graphite One Resources Inc. (GPH: TSX-V, GPHOF: OTCQX), and oriented on The Graphite Creek Deposit project, North America’s largest known large flake graphite deposit. For more information please visit: http://www.graphiteoneresources.com/
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