Hi voose hard to ignore your point of concern on current BOA while not surprised IMO...I remember the discussions at the time 2014-2017 while taking great advantage of posters like prime Tobyjack who had apposing views the best future market understanding from IMO@tobyjack while with Respect Jaded was a great voice of reason on market scale at the time....
Emery's can not be ignored and even more important why we must differentiate from project to project....Walkabout Resource have mitigated risk by differentiating remaining with in market size and expand into known markets...Product differentiating bu being suitable for expandable markets...Only WKT and GPX have a project underpinned by expandable markets...Material limited in nature with premium market value...
https://roskill.com/news/graphite-imerys-closes-namibian-mine-amid-falling-flake-graphite-prices/
Well worth putting in some hours to understand the difference from vanilla markets to the economics of expandable markets...The link provide is well in line with your comments for vanilla markets but not expandable...
Croc
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