General Discussions, page-8510

Hi Bigdog,

Did you know SYR (who is also an exUranium explorer-like RNU) thought it was a simple process too?
Their offtakes failed to materialise, they needed to self-fund their developments and they also had significant shortfalls when they built and commissioned their graphite mine. loss of flake size, poor recovery of graphite.

Did you know there isn't a spot market for graphite as there is for many commodiites?
this is due to the variations in graphite quality and impurities. there is a significant period of testing required before sales agreement materialise.

One ASX listed company suggested European companies will not enter binding offtake agreements until after a 200t+ bulk sample has been processed through a commercial production facility, this validates the project and the quality of graphite,

You can see this numerous times with other ASX peers, it took 18 months for one European company to validate a companies high purity fines.

I am sure @bombersmadd knows all of these risks, yet he isn't willing to share his thoughts on the significant risks associated with a graphite mine, he is more than happy to provide unrealistic SP expectations.