USGT Holding Support
Fellow Investors,
Shares of USA Graphite (USGT) are holding support around the $0.71 level. There is plenty of buying interest and we fully expect another rally to test the $1 level!
Investors remain focused on the company's prospects of becoming the dominant supplier of North American natural flake graphite to American industry. USGT is all about developing American graphite for American companies.
Management continues to move forward with its aggressive expansion plans. USGT already has the rights to two large graphite properties in Nevada and has signed a letter of intent to acquire a third. Once the third graphite property is acquired, USGT will have nearly 3,000 acres of promising deposits that could potentially contain millions of tons of high quality flake graphite.
USA Graphite's main graphite property, Blue Wing Mountains in northwestern Nevada, has very promising geology and could be one of the largest graphite mines in North America. USGT's other property, Gordon Creek, and the Ruby Mountain property, on which the company has signed a letter of intent, are in close proximity to each other in northeastern Nevada. All three properties are close enough to each other to allow for the efficient use of geologists, mining engineers and drilling equipment to keep down costs.
USGT management has also indicated that it is considering a graphite property on Canada's Pacific Coast, near the largest graphite mine currently in operation in North America.
AZ nano, a website devoted to reporting developments in nanotechnology, today stated that scientists had succeeded in drilling holes of 1 to 50 nanometers in diameter into graphite. Porous graphite is used in rechargeable batteries. If graphite with such tiny holes can be mass produced, it would greatly reduce the charging times for rechargeable lithium-ion batteries.
This "nano-porous" graphite also has medical uses, such as working as a carrier for extended release drugs. Since graphite is a form of carbon, it has no ill effects on the body.
The US Geological Survey is positive on the outlook for graphite, predicting higher demand and higher prices in a report released earlier this month. Demand for rechargeable batteries and high-tech, graphene based electronics is likely to grow dramatically over the next several years leading to higher demand for the type of natural flake graphite found at USGT's properties.
Don't miss out on this opportunity to get USGT while it is still at these low prices. There is still plenty of buying interest out there. Get on board USGT today.
Happy Trading!
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