Hi PE981, I don't think it's possible to project the MNS modelling onto other graphite hopefulls, as each has its own set of variables that may have significant impacts on whether a project is deemed to be financially sensible.
Eg in my opinion the very low ore grade that MNS has in comparison to a lot of its peers and the higher capex cost requirements would be factors that make the MNS project substantially different from others and perhaps more susceptible to becoming "not financially sensible" if subject to market price stresses on its likely selling prices.
Anyway on your point of "reliant on solely producing graphite concentrate". Yes that was my question, my understanding is that the MNS BFS was "reliant on solely producing graphite concentrate" and it would make sense that if management were undertaking studies that these studies would be on the MNS model, as presented to the market in the BFS.
So from the BFS announcement
"
The unique crystal structure and low impurities in the Nachu graphite mineralisation allow production of a premium product suite with an average concentrate purity of over 98% TGC. Approximately 41% of this product will be high value Super Jumbo (+500 microns) and Jumbo (+300 microns) flake concentrate products at a purity of 97-98% TGC. The remaining 59% will be a sub-300 micron concentrate product at an exceptional purity of 99.2% TGC. "
These all sound like "graphite concentrates" to me.
Additionally under the revenue factors we have the following "
The factors that affect the revenue are: the resource graphitic carbon grade adjusted for dilution. the processing recovery. the concentrate grade. the flake size distribution in the concentrate. the concentrate prices for varying flake sizes. government royalties.
Again only seems to mention graphite concentrates as a product stream.
So from what I can see the MNS BFS was a model "reliant on solely producing graphite concentrate". Perhaps you view it differently, if so can you point out what other products they were going to be producing and selling?
And now from point 5 of the announcement we have
"" Magnis' view was that the potential lower revenue pricing in the market would make any strategy or operation reliant on solely producing graphite concentrate would not be a financially sensible option. "
So MNS BFS now not a "financially sensible option" ?
(20min delay)