Ann: BlackEarth's JV with Metachem to produce Expandable Graphite, page-3

There's also some inconsistencies around key details in both announcements - I think its best companies are just consistent and upfront on timing and costs, no need to dance around it

capex USD3-3.5m preso USD3-4m
commissioning mid 2022 to Q3 22

While it goes without saying, BEM will need to raise capital to fund their 50% share of the costs, which at an upper limit could be A$2.7m at current FX. It's a very limited capital amount so well within the company's ability to raise these funds, but let's hope we can break this 14c wall and re-rate before the company needs to rattle the tin again!!