Hi Balduran more importantly the free carry interest has been included while others have argued against this… If we use GPX as an example the project is un-economical and unable to afford the cost…Now adding FCI to the downstream processing…If matters were not bad before they just got worse as Lindi will be in production in 2023 creating free cash margins of US$1200 per ton product…
Lindi will produce a concentrate regardless…FCI already agreed to
Can you name another Graphite project ready to come on line in the next 2-5 years…We can put a ruler through KNL and EV1…
Regards Croc
Ann: Supplementary Prospectus, page-50
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