Yes but the problem is Names is why would Magnis announce this?
Other Tanzanian Graphite Projects
Several other companies with graphite operations in the Nachu region have expressed interest in either having ore or graphite concentrate treated at the Nachu plant to create advanced products that will be permitted to export. These companies are currently arranging samples to be sent for metallurgical testwork using the Magnis process. Magnis stands to benefit considerably from the potential supply of suitable ore from other sources in the region, as it will be the owner and operator of the first advanced graphite processing plant in Tanzania. It has the potential to be a regional processing facility that would allow other companies graphite concentrates to be processed into advanced products.
Names why oh why would those other companies express interest in treating their concentrate at MNS's advanced products super centre? Goodness gracious they are even sending samples to MNS for test work.
Would be embarrassing for some of those other companies if they have not revealed any information they have about a graphite concentrate ban. Or maybe they don't even know about it. But then again why would others be sending Magnis their concentrate for testing.
Now if Magnis is releasing statements like that and also point 6 of that other announcement which had you questioning your holding elsewhere, saying the government will ban the export of graphite concentrates it seem like you and your buddies are getting it wrong.
Maybe I am spot on with my assessment Names and other companies might be now trying to go down a different path and say they are now looking at a business model that allows them to process other peoples graphite for them in a different country. Looks like it won't be Tanzanian graphite concentrate though as there seems to be ban on exporting it.
Considering Magnis has made the point twice with no correction needed it would be embarrassing form those other companies not to understand that there is a ban on graphite concentrates. Or do you think companies can go about and make these types of things up? That would be silly as they would need to put out a correction if that was the case. Have you seen one from Magnis?
Now here is a list of websites that mostly call graphite a metallic mineral.
Now if the Tanzania government can see a boom in graphite because of the LIB revolution do you think it would be in their interest to add value in county or let it go and get done in other countries meaning they miss out on hundreds of millions of dollars? Now remember what they did in July last year before you give me the answer.
MNS Price at posting:
36.5¢ Sentiment: Buy Disclosure: Held
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