Ann: Bass Metals Research Note, page-4

Not much left at 0.013 (1.7 million shares), this is probably the last chance to get in at these levels, after that anything is possible.

IMO next news release will provide more derisking of the project and confidence to investors as of the state of refurbishment of the mine. Civil works should have been by now very well advanced and they may even start installing the completely new state of the art 12.000tpa drying/screening/packaging circuit (dewatering/drying the graphite was the achilles heel of the graphmada mine, this is the most important upgrade to the plant).

The remaining components of the mine upgrade should by now already have been manufactured and ready to transit (the second most important upgrade is the ore-feed-liberation circuit to improve recovery of graphite, and finally the flotation/milling circuit to improve purity while conserving the valuable super jumbo flakes).

Exciting times ahead of us, IMO these times could be the last chance to get in at these extremely low levels, once the project is further derisked, refurbishment complete and recommissioning is successful, the stock price will reflect that by soaring in no time to new highs. These low risk/high reward turnaround mining stories are extremely rare in the stock market (generally they are high risk stories) and as warrenn buffett says of these types of opportunities : you gotta grab them when they come !

Happy multi-bagger graphite investment to all,