This one is a good comparable to Ceylon because they are both in Sri Lanka.
Just from a preliminary overview on just their graphite, they have leases in Sri Lanka for 8 kilometers of mineable property rights. Ceylon has 121 shaft mines that are 1 kilometer each. They have just done a round of offerings so they now have a lot of cash (Ceylon) to build out their mines and the CEO says they will be self sufficient, using working capital. They have a huge profit margin on what they pull out of their shaft mines. For every $200/ton spent they make $1200-$1500 per ton and it will be more with graphite prices rising.
Ameca says they can open pit mine which is cheaper but they will only pull the graphite from the surface and they only have 8 kilometers of mine compared to Ceylon's 121 kilometeres of deep shaft mines.
I think Ceylon is way undervalued and a better investment than Ameca just on my initial reading from their website and just based on the graphite alone. Ceylon is on the radar of a lot of institutional investors from the DD I've done.
Pay attention to the part of Ameca's site that shows their plans for the shell:
"Obtain shell company for next round of financing" that sounds like they are going to dilute even though it also says the projects are currently owner financed.
Sri Lanka also carries political risk and is not considered as environmentally friendly as North American graphite miners but certainly better than China which is all they have in that part of the world right now.
Just preliminary thoughts. Thanks for the heads up on this one.
News 
Market Data 
Discover 
