CGrowth Capital Inc (CGRA)

[blackdeath]

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.