Ann: Development Progress - Lindi Jumbo Mine, page-1766

Here is a classic example of the nefarious one. The IIR report clearly states their assessment of the graphite markets is a brief summary but Mr 21cents jumps all over it. Graphite prices in Lindi’s target markets have only fallen 10% over the past year with a 10% correction expected and this does include what Lindi will receive for its best in class graphite. This being the case then Lindi’s basket price will remain at US$1515/tonne. A figure I’m expecting to be far superior considering Lindi’s quality. So much for Spid’s US$415 discount that hangs on a second rate graphite assumption. Q1 bound to be WKT’s best quarter yet.