NPV Analysis, page-11

Sellers think 12c is good.

By the end of the year 12c will be long gone - pushing 20c.

2019 regardless of election results 40+c. Cause money in these places can arrange anything - just read up on the recent ruby mine fiasco.
Electricity is not so important. With so many saprolite deposits - free dig and easy processing. Still when the day finally arrives when electricity is available on grid it's just more profitable.
Rail is pretty much empty and available re mou.

2020 - Malingunde and the new deposit operating at 80 000 + tpa with further exploration defining multi deposits on par with Malingunde or better.

2022 second mine operating with more sales deals cementing SVMs position as a world class graphite company.
Electricity supply available and cash flow to self fund Duwi huge deposits. Hang on - why bother we have another 6 exceptional saprolite deposits to mine.

Takes time however management are making rapid progress.