I've been following this one for a while and keep hearing from the industry (quite rightly) that with graphite the one major thing is purity and that uranium if present is an issue with graphite and Balama is no immune from this.
If uranium was not an issue then given the size of this deposit they would already have offtake partners or be taken over. For graphite, given the type of niche market it is you need offtake partners (otherwise you will never sell your product) and they demand very specific products with essentially NO impurities and definitely not uranium. Until I see a reputable offtake partner sign on and put some decent money up for capex development i'm being very cautious on this one.
SYR Price at posting:
$2.56 Sentiment: ST Sell Disclosure: Not Held
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