Break out imminent, page-30

Thank you for posting the video presentation Garant. Still no mention on Malingunde graphite asset!!!

Yeah scoping study - tick and then yeah - new resource estimate 2022 to gloat of the biggest however it is only an estimate not JORC - but yes plenty of drilling/expenditure to make JORC along with plenty of upside for more resource definition - so lots to look forward to.

But I'm losing the plot a little with creditability as they no longer appear to have any interest in what cost a lot of money - Malingunde and the very first deposit discovery of rutile - NARU I think it was never even rates a mention. Yes they have singled out the other 2 rutile deposits as priorities - key targets for further $ expenditure to remove risk of resource estimates to JORC category - however they a bloody fortune doing that with Malingunde and talked it up so much - as the lowest cost capex/opex graphite mine globally due to the saprollite host ground.

Directors have skin in the game - big plus. Then it's rampingrampsomemore Sprott 20odd% and European 30% - Point is there are no funds of note outside of rampingrampsomemore Sprott on what is being promoted as the holy grail of global rutile deposits - are other funds observing my concerns re Malingunde? Why have we dropped off in SP when global markets are at massive highs and everything is very much up - a lot of presentation stuff occurring - however the funds are not listening to the hype - atm. Strange I find this company and lack of interest from funds - perhaps it will all change on JORC and de-risking but they have been through all that on Malingunde - to now - not even mention it.

Anyway happy to sell off some recently - just something not resonating with me on this. One can not be happily clapping this outfit when there is talk and no JORC - when they totally shift expenditure to a new direction - without a fn word on what most investors - invested in earlier - graphite hype they gave investors - is this a similar play - hype and silence.

Anyway sorry for the ramble - just my view and there are many other transparent - creditable management companies. Speaking of SYR - still languishing in SP with their massive graphite operations next door in Mozambique - again management - the amount of capital poured into it - perhaps some sovereign risk issues - plenty of other companies doing great in Zamia - Tanzania - I think it all boils down to management.