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cerneka

1,588 Posts.

203

28/06/21

10:30

Post #: 54111683
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Originally posted by bushmaster: ↑

here are a few more metrics, this was done when the MC was at ~$63M. Note that the graphite flake size is very high quality, so cost per tone is approximately 4 or 5 times higher than normal graphite, this allows for the mining operation to be small. The capacity of the mine is set to be 40t / annum, but there is reason to believe from their DFS that the capacity can be scaled to 80t / annum IF required (I don't have direct information pertaining to this). Mike Elliot who is the chairman of the board, is easy to call and importantly holds over $2M in shares bought on Market,

I think the value if combined with all his holdings is close to about $5M. He is underwriting $1.6M of the current capital raise for the equity component that is also being finalised.

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will read into it once im home from work mate cheers
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