Charts: looking forward, page-22

The developers u mentioned have very high mining costs. SYR will be the cheapest graphite producer in the world & TON will most likely match them.

The key findings of SYR's June 2013 Scoping Study report are summarised below, based upon a conceptual mining and processing operation of 1,200,000 tonnes of ore per annum.

• Estimated initial capital cost of US$91.6 million which includes contingencies
• Estimated average mine gate cost of production US$101.58 per tonne
• Free on Board cost (FOB) Port of Pemba estimated at an average of US$198.01 per tonne
• Peak development cost funding requirement of US$69 million
• Payback period within 6 months of commission

Go TON!