Has anyone told you that Magnis don’t mine Graphite?
They have had a tenement in Tanzania for some 15 years now and have managed to build a toilet block and a Maternity Hospital Que?
need circa $300 mill to mine anything and I haven’t factored in rail/road transport costs..
any idea how long the line of investors will be to entrust this board with another $300mill?
the only ‘mining’ is the mining of shareholders funds.
after all, they’ve already burnt thru circa $350mill in cash to get us to this amazing point in our corporate history!
I do wonder who the major beneficiaries of all that money has been?
Ann: iM3NY Credit Facility Update, page-107
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