It's a great innititive Towie and builds confidence that the battery market is coming quite quickly.Intersting terms as well that Elon Musk insisted upon that if wasn't built in 100 days it's free.
This will help with a growing demand for graphite and increase basket price sub 180 microns.At the moment it is still a price makers market,the real money will be when it a price takers market when price tension accures.They expect this market to ramp up over a number years till about 2025 and it will be booming.Its the ramp up period that effects these large volume projects on startup coupled with large operation capex " The real money is going to be for the premium markets especially Large and super jumbo flake graphite where Walkabout Resources Have 86% distribution above 180 Microns "None of our material is even being considered for the refractory markets.The price is poor and it's and so yesterday.Modern mines are now looking to expandable markets where premium prices can be achieved.
All our graphite is within spec and 75% has been quickly snapped up only weeks after end users being invited to submit offers"
Directors buying is also another positive...Pretty sure they have some great material news not to far off....
Croc
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