Ann: Investor Presentation, page-17

Good Morning Croc,

Grinding it down -

Unlike you, I am able to substantiate my claims. are you able to back up your claim China is grinding down the size of the more expensive flakes when the - 100 Mesh Graphite has already dropped by 20% down to ~US$600 per tonne and the price of Spherical Graphite US$2200-200 per tonne?

Let's run the numbers on your BS.
As you would know, you need around 2 tonnes of graphite to produce one tonne of spherical graphite.
The price for +50 mesh would be around US$1400 per tonne, x 2 tonnes = US$2800.
It costs US$2800 for just the graphite feedstock with the cost of grinding it down, You then need to cover the cost of turning the graphite into spherical graphite and purifying the material to 99.95%


I wonder what it’s worth to a customer Free dig…Ready to go -

Do you remember your previous ramping, where you claim a graphite mine with under 10% graphite is viable, Now you are suggesting this material has some monetary value.

International the stockpile would be worth zero due to Tanzania mining laws, you cannot export graphite ore, unless it reaches a purity above ~60%.


You really love taking people for a ride.