Hi Croc, if you are going to compare the status of another company's operations that are actually in production, such as BSM, please at least copy and paste the latest and most relevant data.
As per BSM's
latest ASX release
"Bass accelerates production at Graphmada" strip ratio is 2:1 as at 4 September 2019 (not 5:1 as you purported from outdated data).
Sure, WKT has an impressive resource (on paper), no question about it. But, there are so many posters talking it up like the company is already in production! WKT hasn't even got the finance yet let alone built a processing plant let alone producing.
The Mining Weekly "article" does read like an advertisement... no wonder since it is not written by a media reporter but by a WKT PR person. The title
"Walkabout Content For Now To ‘Talk The Talk’ On Funding Options" if it weren't so worrisome, it would be laughable. At least BSM "Walk the Talk" which is what every graphite hopeful aspires to with their ambitious plans and glossy DFS reports with a cup in hand for funding.
WKT is no closer to funding than the other graphite "hopefuls". The final paragraph says it all: "
The Company in the past year has rejected at least three funding proposals that were nothing more than low-ball takeover attempts". Doesn't sound too promising at all. If the company had any sense, they wouldn't even mention this fact... well, I guess they have to report something... anything. What are your thoughts,
@oznt? Is the company really any more progressed on its funding endeavours than a year or two ago? Or is it just merely kicking the can further down the road?
I'd be worried that when SYR's C&M scenario hits the tabloids, financing for graphite projects will become more difficult and convoluted with red tape and conditions that the "wannabe" producers will have their backs against the wall. Financiers may just back off altogether from the graphite space... not that they are clambering to enter it anyway, as evidenced by the lack of funding being made available thus far. Just IMHO.
(20min delay)