Graphite Corp. (GRPH) Soars Upon Fiscal Cliff Resolution
January 07 2013 - 9:14AM
Marketwired
As the Dow Jones Industrial Average climbed 308 points on the first
day of trading in the New Year, some big winners of the Bill are
mining companies and Hollywood Studios due to passed incentives, as
well as GE (NYSE: GE), Caterpillar (NYSE: CAT) and JP Morgan (NYSE:
JPM) due to an "Extension of the Active Financing Exception to
Subpart F" which allows certain loans to provide the originators
tax free gains.
As mining sees a "boom" period in the US, with gold continuing
to trade near all-time highs, and many minerals becoming more in
need due to technological advancements, incentives by states as
well as the federal government should increase as companies look to
expand exploration efforts, and governments look for increased
revenue.
Graphene, which has seen a huge increase in attention due to its
limited availability in relation to its potential uses, has helped
companies like Graphite Corp. (OTCQB: GRPH) and its shareholders
see over 30% gains since mid-December. Graphite Corp. recently
announced its initial findings at its historically important
Alabama graphite property. The US Bureau of Mines data indicates a
resource potential of 4.363 million measured tons of weathered
material and 2.802 million indicated tons of un-weathered material
for a total of 7.165 million tons combined. The historic data
recommends "Aggressive Exploration" with increased results
anticipated.
Graphite Corp. (OTCQB: GRPH) is a company exclusively focused on
the exploration and development of one of the greatest success
stories in recent mining history -- the Graphite mining sector.
Targeting graphite-bearing properties in the United States, the
Company is positioned to emerge as a leading pure-play exploration
company through the development of its strategic land positions in
Alabama and Montana, the heartland of America's most significant
graphite resource. For more information on Graphite Corp. visit
www.graphite-corp.com.
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