WKT Expandable Graphite - Grade is KING!, page-257

BSM bought a falling mining operation from Stratmin which had low grades. Again, if I recall correctly their reserve wasn't even JORC compliant, there was no feasibility study and they were under the assumption the grades were much higher than what was actually in the ground.

WKT has a JORC compliant resource and a DFS which has been subject to technical review by Pareto. They know the project will support debt, hence why they finally revealed their name and are taking on WKT as a client and arranging their debt deal as we speak.