I guess some companies report an average not a range - an average would be preferred as the range could see more product closer to 45%.
Either way - as announced SVM have a lot of product in the preferred +150pm and as stated again - the saprolite ground has very favourable benefits over hard rock graphite hosted hopefuls in which many will not be viable.
Still has a long way to play out particularly given the Malawi govt still has not gazetted the new mines and minerals bill. No probs for SVM as they continue to tick boxes and by the time they are ready for an exploitation license this time next year the govt should have their act together.
In the meantime - sometime over the next 6 months it would be nice to see a couple of binding agreements for the graphite and a SP around 20c+ similar to wkt - possibly well above if rutile works exceed expectations.
SVM Price at posting:
8.8¢ Sentiment: Hold Disclosure: Held
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