Unique Business Model: Alabama Graphite is a different type of graphite company, one whose business model is solely focused on providing high-value secondary products (CSPG and PMG) into the battery supply chain.
The Right Model: Stormcrow views a downstream-focused strategy to be the only way a new entrant can show material and sustainable profitability in the current (and likely, future) pricing environment for graphite products.
Made for Customers: Alabama Graphite’s “Sourced (not just ‘Made’) In America” product offerings will be of significant interest to major Western battery graphite end-users, and the company’s active dialogue (and product qualification) with at least nine Department of Defense contractors, is testament to this.
Local Support: Alabama’s Coosa Graphite project is already receiving local and State-level support
Low-Cost: Due to the project’s minerology and location, Coosa will have an extremely low cost of start-up and rapid payback, which makes building the project realistic.
Strong Management: Alabama Graphite has assembled what we believe to be the strongest operationally- and technically-focused management team in the junior graphite developer universe.
Strong Value: Stormcrow believes the company is materially undervalued today, and initiates coverage with atarget of C$0.69/shr and a Positive rating based on 1x NPV18 using a long term CSPG price of $7,500.
INITIATION REPORT Sweet Home of Battery Graphite...
Copper Mountain Mining Corporation and Altona Mining Limited are pleased to jointly announce that they have agreed to combine the companies by way of...
- Adjusted EBITDA1 of $1.3 million in October
- Milled production increased to 2,184 tpd; up 67% year to date
- New fleet arrivals to drive production growth...
- Net income of $821,000 and $0.01/share
- Third consecutive month of positive adjusted EBITDA1; $2.4 million total for Q3 2017
- 75% increase in revenue...