energizer share price, page-27

Looked at a couple of producers:

Cash Costs for 1 tonne of 90-95% flake graphite = $250-300/t
Cash costs for 1 tonne of 95-97% flake graphite = $350/t
Cash costs for 1 tonne of 99% graphite = $1300/t

Even if MGY have double the cash costs identified above, the margins are very healthy and are growing.

Since MGY's mine is open pit, requires no primary crushing, is probably a huge resource i.e. can benefit from economies of scale, is reasonably close to existing infrastructure, i can imagine that the cash costs will be reasonably low. A little too early to call it a cash cow, but i remain hopeful.

Still need confirmation as to the size of the resource. Need some more MOLO results to confirm strike length/consistency of grade etc. Confirmation of graphite at other target locations would be good.