for me, the PFS was nothing. i never expected anything from it...

for me, the PFS was nothing. i never expected anything from it because, as i have posted many times recently, BKT have not yet finalised their battery testing & product specs

with the conversion of 34 million BKTOC for 5 cents each, it was always likely going to fall. read my post of 13/3/17 where i bought some BKTOD at 6 cents and then realised it was a mistake: https://hotcopper.com.au/threads/an...3203897/page-26?post_id=23305112#.WQa1QlV974Y i threw away my profits from my BKTOC conversion & sale

today's volume of trading is tiny & it is being manipulated for some strange reason

the next news i was expecting was the results of the 100 cycle battery testing. for me, this is what is important.


on 7 February 2017, the announcement said the battery testing reached 25 cycles

on 30 March 2017, Steven Copulos invested $750,000

from PFS:

Battery cell testing of ultra high purity spherical graphite conducted in the USA has proven that Mahenge graphite converted to spherical graphite is highly amenable to lithium-ion battery production with superior charging cycle testwork indicating that the spheroids maintain their integrity much longer than other graphite, potentially extending battery cycle life.

from the Quarterly report:

Long term cycle testing of batteries produced using Mahenge graphite passed the 100 cycle milestone during the quarter. The batteries continue to perform well and exhibit excellent stability, with indications of out-performance against a leading industry branded product.

Specifically:

Uncoated graphite flakes producing a near perfect lithium-ion battery reversible capacity of 371.28mAh/g out of a theoretically possible 372mAh/g for natural graphite flakes;

- Uncoated and coated spherical graphite in battery cells designed for long-term cycling demonstrated excellent performance characteristics with reversible capacities of 368.94mAh/g and 354.26mAh/g respectively;

- Uncoated and coated spherical graphite delivered exceptionally low BET (Brunauer, Emmett and Teller) surface area values of 4.15m2 /g and 0.82m2 /g respectively, considered very suitable for high energy lithiumion batteries;

Uncoated and coated irreversible capacity loss (ICL) values of 8.35% and 5.61% respectively which are regarded as exceptional for natural flake graphite, having the potential to lower cell cost and increase cell cycle life; and -

Long term cycling of uncoated and coated graphite showing virtually no change in battery performance with 100 cycles completed to date of a planned 500+ cycle period .

The test results suggested Mahenge Graphite Project graphite has the potential to enable battery manufacturers to produce more stable lithium-ion batteries at a lower cost with a longer cycle life. Potential exists to displace synthetic graphite in lithium-ion batteries once performance, cost advantages and the ability to consistently supply spherical graphite for long-term production can be demonstrated. The programme built on previous successful spherical graphite and purification test work showing that the Mahenge Graphite Project spherical graphite has unique positive physical features that have the potential to improve the stability, battery safety performance and enhance the cycle life of lithium-ion batteries. The results are from an independent US battery testing facility.

i am happy now

nothing much to do but to wait for offtakes

its graphite! an industry of the future

i am prepared to endure this