Potential Upside of WKT - Expandable Graphite, page-1435

"Maybe we'll compare finance notes in a years time when we are in full production."

Full production in a year's time? Good luck with that timeline. Graphite production at scale is fraught with problems in trying to balance all metrics at optimal specifications. Bass had the advantage of operational know-how at the time of taking over Stratmin. Starting from scratch as Walkabout is about to embark upon is just the beginning of a huge technical learning curve.

Following reference is from a publication (admittedly a few years old but its relevance still very much applicable):-

Rank and file: Assessing graphite projects on credentials

https://www.csaglobal.com/wp-content/uploads/2015/07/Pg-5es,0-55-Graphite-success-08_15_proof_5.pdf

Graphite production is not simple. It's inherently complex and a real balancing act. Why do you think there are so few operating graphite producers in the world? Lab testing and low-scale pilot plant production prove not that relevant when scaled up to full production volumes.

Yes, Blitz, time will tell. Just don't caught up in the hype and company rhetoric next year because it may not be the smooth sailing you and the company are predicting. Admittedly, each company will experience slightly different issues and Walkabout's is not likely to be the same as Bass's by virtue of different insitu material related to the demographics and geological factors. However, one thing is for sure, Syrah has its issues and has been funded to the hilt to keep them afloat due to its saturation of the market of its "fake flake graphite". Bass has debt-free and is at a turning point where their large flake distribution is nearly three times that of Syrah.

Anyway, GLTA... just remember that WKT is unlikely to be immune to the sort of teething problems that have beset other startup graphite producers in the world. Why do you think the prices are so high and revenue margins so sort after?