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That is absolutely correct. Rob cannot give details about dolomite asset value and things like that. Waiting for PR from CGRA in next few weeks.
@FostermRobert: Some are Concerned with timelines regarding WFCC and Survey, my part on Survey is complete, WFCC moving ahead nicely thx for the support Rob
We wouldn't hear from CGRA, but wildfire is constantly updating their status. If you are expecting to hear tenant info, CGRA may be working on them. I don't expect to see any other PR other than dolomite audit results...IMHO
In general, during lab tests a variety of chemical tests can be used to determine their value...
Wet gravimetric analysis
EDTA analysis
Calcium carbonate equivalent ( high quality dolomite can have CCE > 100 )
Sometimes to analyze these rocks instrumental chemical analysis is used. After all once the percent of dolomite ( I guess excluding silica ) in a sample is determined, then the actual value could be determined in detail.
I don't expect this report to be shared with shareholders, all we would be seeing is the "asset" value in dollars....
I am not a lab technician, but I do read a lot of articles of my interest, and I could be wrong.
Lab testing methods are described below:
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=23&cad=rja&uact=8&ved=0CGcQFjAMOAo&url=https%3A%2F%2Fwww.ideals.illinois.edu%2Fbitstream%2Fhandle%2F2142%2F42974%2Fhandbookonlimest91lama.pdf%3Fsequence%3D2&ei=HOZ0VZq1IcvxUIvogZAN&usg=AFQjCNFADiOHbb-U3HfRxs_vIMkNWGBePw&sig2=U7mzpewqemX_nODb9_5Wjw&bvm=bv.95039771,d.bGQ
Page 77 onwards... You can read it for understanding purpose
Also survey just estimates the amount of dolomite they have - to convert this into asset ie put market value they have to do lab testing and this is what they are doing at present
Lol it's not that easy - survey is done, lab tests consists of 3 phases or so, first they check the quality through some of the testing methods, then they quantify and put a market value over it, and finally report... Typically this takes anywhere from 3-6 weeks from the time survey is done... Before June end the report should be there - patience is the key here.. If you want to see the processes involved in dolomite testing you can see articles in Google..
There are few more catalysts coming up by June end which marks end of Q2. IMHO we could see price around 9-11$ by this month end.
Added more position today with funds settled - avg 7.03 now.. Looking to hold through next week
From 2014 news - states Dolomites exceeding 250 mil
JCGrowth Capital, Inc. Completes Processing of First Reoccurring Dolomite Order and Announces Additional 5 Year Gravel Contrac...
Source: Access Wire
SILVERDALE, WA / ACCESSWIRE / September 29, 2014 / CGrowth Capital, Inc. (OTC Pink: CGRA) (the "Company") is pleased to announce that it has completed the processing of its first bulk sale dolomite order of the season. The 800 ton minimum order is the second consecutive year order with the agricultural supply broker at $54 per ton FOB for an initial contract value of $43,200. The purchase order validates the effectiveness of the product and has opened up discussions with the broker to provide a super sack product to replace their existing limestone contracts which are in excess of 10,000 tons annually. The total domestic limestone market is in excess of $1 billion annually.
The Company's dolomite supply, estimated in excess of 250 million tons, is a magnesium dolomite which is generally regarded as a higher grade material. The quality of agricultural limestone is determined by the chemical makeup of the limestone and how finely the stone is ground. To aid the farmer in determining the relative value of competing agricultural liming materials, the agricultural extension services of several universities use two rating systems. Calcium Carbonate Equivalent (CCE) and the Effective Calcium Carbonate Equivalent (ECCE) give a numeric value to the effectiveness of different liming materials. The CCE compares the chemistry of a particular quarry's stone with the neutralizing power of pure calcium carbonate. Because each molecule of magnesium carbonate is lighter than calcium carbonate, limestones containing magnesium carbonate (dolomite) can have a CCE greater than 100 percent (Wikipedia). Among the many other applications, dolomitic lime may be used as a soil input to provide similar effects as agricultural lime, while supplying magnesium in addition to calcium.
That would be SMA 200. EMA 200 was crossed yday at 7.28. We should see more volume in coming days
It broke 7.28 yday very easily on low /ave volume - I expect the same behavior until people see the potential for this stock to gap up.
I like that not many people know about this stock and this is moving up with low to average volume. When real volume comes in it would be fun. Btw did u see the webcast presentation from TNXP? Should be there in their website. All good?
Looking forwArd for it -- I added more at 7.3 levels - now averaging 6.93.....now confident that we are gapping up big time. A trend reversal is visible in chart
Broke finally
Trw 8:30 am ET is the conf time
Looks like false breakout - still watching. MMs are manipulating L2 data very well.
And there comes the breakout!!!
Added more on dip today - my 50% of my portfolio is in TNXP. Nice consolidation here - any break over 7.27 - we will move towards 7.5+
Aug 15 you mean? 45 days from last day in June is the deadline..
CGRA News on Dolomite
CGrowth Capital looks to expand dolomite production
By LIZ GYEKYE
Published: Wednesday, 20 May 2015
Print | Email | Comment | Share
The dolomite supplier is working with get geologists to take samples of the industrial mineral from its North Stevens County reserve, located in Washington, US, in order to help the company substantiate assets on its balance sheet and expand operations.
US-based holding company CGrowth Capital Inc. has contracted with engineering firm N.L. Olson and Associates to survey and report on the company’s magnesium dolomite reserve quantities and value in Washington, US.
The company’s dolomite is sourced from its subsidiary, Chewelah Properties, which mines and processes the material in Stevens county, and is estimated in excess of 250m tonnes magnesium dolomite.
The surveyors will report on the quantity and valuation of dolomite within the boundaries of 1,100 acres (4.45 km2) of mineral rights that CGrowth owns within the county, which will help the company raise funding and increase production.
The company has also established a relationship with an unnamed third party licensed professional engineer to help it issue a competent person’s report that meets the standards for valuing reserve assets, to be completed by early summer.
CGrowth Capital’s CEO, Bill Wright, said that the company had been working through the best options to utilise its magnesium dolomite reserves.
"By utilising asset-backed financing, rather than equity based, we will be able to build the business and shareholder value, while avoiding significant dilution of our stock," Wright said.
Application
Dolomite can be used in refractory production. Because of a tendency for hydration of calcined dolomite, producers tend to be specialised companies with expertise in handling the material and producing products from it at, or near, the site where the dolomite is calcined.
The largest refractories producer is Magnesita, although others such as RHI, Kumas and Resco Products are also producers.
According to the US Geological Survey (USGS), magnesium producer Nevada Clean Magnesium is also looking at developing a magnesium plant from a dolomite deposit at its Tami-Mosi project in North Central Nevada, US.
CGRA is expecting to exceed 250m tonnes per the article I posted yday. Each ton can cost anywhere from 30-150$..
Expect the same price action trw and day after. June 4 would be different
Not worried - my chart says we would test below 7.01 to 6.8 today most likely ... Nice consolidation
Only if they get the report out in June - and not July beginning
OCT 2014
The news of a new dolomite supplier is significant as the market is concentrated between only a few producers. The price, at $54/tonne, falls below levels asked in China for the material, but without knowing the product specifications it’s hard to gauge which market the shipment is intended for.
US, Delaware, holding company CGrowth Capital Inc. said this week that it had shipped its first bulk order of dolomite at a cost of $54/tonne for 800 tonnes.
The sale, with an agricultural supply broker, is expected to be the first of many, as CGrowth said in a statement...
On oct 2014 CGRA sold 54$ per ton - approx 800 tonnes - to third party supplier...!! What am I missing here?
See the news article I shared this morning - it states 250m tones of dolomite... I am not scared but I am holding strong here
I posted news article on dolomite initial analysis...
See news article I posted - dolomite est looks promising and mind blowing per one article.
Check the news link I posted few min back.
Estimate is 250 m tones of dolomite per this article !!!!!
CGRA News on Dolomite
CGrowth Capital looks to expand dolomite production
By LIZ GYEKYE
Published: Wednesday, 20 May 2015
Print | Email | Comment | Share
The dolomite supplier is working with get geologists to take samples of the industrial mineral from its North Stevens County reserve, located in Washington, US, in order to help the company substantiate assets on its balance sheet and expand operations.
US-based holding company CGrowth Capital Inc. has contracted with engineering firm N.L. Olson and Associates to survey and report on the company’s magnesium dolomite reserve quantities and value in Washington, US.
The company’s dolomite is sourced from its subsidiary, Chewelah Properties, which mines and processes the material in Stevens county, and is estimated in excess of 250m tonnes magnesium dolomite.
The surveyors will report on the quantity and valuation of dolomite within the boundaries of 1,100 acres (4.45 km2) of mineral rights that CGrowth owns within the county, which will help the company raise funding and increase production.
The company has also established a relationship with an unnamed third party licensed professional engineer to help it issue a competent person’s report that meets the standards for valuing reserve assets, to be completed by early summer.
CGrowth Capital’s CEO, Bill Wright, said that the company had been working through the best options to utilise its magnesium dolomite reserves.
"By utilising asset-backed financing, rather than equity based, we will be able to build the business and shareholder value, while avoiding significant dilution of our stock," Wright said.
Application
Dolomite can be used in refractory production. Because of a tendency for hydration of calcined dolomite, producers tend to be specialised companies with expertise in handling the material and producing products from it at, or near, the site where the dolomite is calcined.
The largest refractories producer is Magnesita, although others such as RHI, Kumas and Resco Products are also producers.
According to the US Geological Survey (USGS), magnesium producer Nevada Clean Magnesium is also looking at developing a magnesium plant from a dolomite deposit at its Tami-Mosi project in North Central Nevada, US.
10k out
And also June 4 at Jefferies
IMHO do not think so... It broke wedge when it broke 6.17 and shot up 18% or so... Under such moves the chances it would go down below 6.8 is minimal... Can happen.. Then there are additional hidden supports in chart...
Also when it broke 6.17 it was breaking a trend which was set - a wedge... And it ran to 7$ plus...
Well I guess it would be matter of months, and I think CGRA could be uploading themselves under OTCQB...