Does KNL have a plan B if graphite mining does not proceed? It's a pretty simple question that seems to be avoided on here. Were the Nickel tenements sold or abandoned do you know? If they still have them (but don't report on them) that might be an option to look into?
There are more companies than just Magnis in Tanzania that have or are about to diversify their business to reduce risk. WKT is one that comes to mind with its's Northern Ireland Gold/Cobalt prospecting.
I guess we are all in agreement then that KNL is completely 100% dependent on G mining in Tanzania and any significant delay or negative news could be catastrophic for the company. There is currently no other areas of business they could quickly move into. Very brave decision by management imo.
I hope holders at least have a plan B or exit strategy if it all starts going to custard.
Ann: Update on Epanko Graphite Project and Pilot Plant Strategy, page-79
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