4th largest graphite resource in the world, page-17

Its all about Nicanda Hill
- this JORC was always going to come in around 100MT, problem is that the mining tonnage was higher but the grade lower than the expected 7%
- the next JORC to be put out in the next 3/4 months will include Nicanda Hill and should see an increase to around 300MT. The grades at Nicanda however are expected to be 10%+ with grades already showing 15-20%
- We get a hint from the Beaufort report that there will be no cap raising until the second JORC is issued.

The impatient will sell but maybe, maybe a buying opportunity for those who believe that it is all about Nicanda Hill.


Spozzie