The paragraph re: Nachingwea is almost mandatory reading for anyone investing in graphite explorers, Mgt emphasising and re-iterating to the investment community (what most of us already know) that just because you have what appear to be decent drill results and a large 'strike length' there are many more factors (nature and layout of deposit, critical infrastructure etc) needed to create a commerical mine. If thoses conditions aren't in place from early days then you are pretty much just wasting shareholder money spending any more time on it..
Balama however....
quarterly activities report, page-2
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