Wednesday, March 14, 2018 1:48:42 AM
Soooooo... the only resource Posco needs next is just the purest largest flake graphite source in the world in order to properly service Samsung's newly revised ultra high(er) quality standards in battery making plus permanently lock in its ever-increasing role with many of the South Korean/China electric vehicle manufacturers.
Great post BTW. I agree. Posco is ripe to choose a graphite source. couple questions for you.
Why would POSCO even negotiate with a company that doesn't have the PE Licence to mine? They would be at great risk to sign anything without a licence dont you think?
The Madagascar BCCM site shows that NEXT doesnt even have a current permit to explore for graphite.
How would NEXT get the product to port if they did have a permit? Next is 180 km to a port and many unpaved roads.
Posco may be coming to Madagascar for graphite, but its my bet that they will look past NEXT and go next door to that other Madi graphite company. DNI metals Vohitsara project has been screaming progress lately. They have the PE licence, are on a paved road only 45 km from a port, plus just drilled 20 meters of 10% graphite in loose dirt, and its all mostly high quality flake. DNI already has a binding offtake with Korea Graphite and has shipped many tonnes to India. Looks like a better option to me and NEXT will have to wait until next time.
Yes Ill place my bet
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