Not too sure about that, another Graphite play will be announcing the beginning of their bond funding tomorrow, to raise enough cash to build a mine and processing plant (not as far as down stream spheroidization ) in Tanzania, looks like they will be off and running before MNS. No one will be carting “dirt” all over the country, but they might be taking their cheaper lower grades to a local spheroidization plant if it’s more profitable.
I wouldn’t mind picking up some MNS but there is a bit to play out in terms of cap raising for funding such a large project so in my opinion there is a bit of time to pick up stock.
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- Article:- Tanzania is planning to merge three investment bodies to attract foreign direct investment
Article:- Tanzania is planning to merge three investment bodies to attract foreign direct investment, page-13
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