Why did this project stall? Why did the company switch focus?
The TGC not the greatest %, but the IRR and NPV look good.
Lack of genuine offtakes due to being a bit early in demand cycle?
I expect the capex to be much higher now, but the IRR ought to still be very strong.
FFX have some cash now, and looking for a project. Maybe a JV company can be set up with Volt free carried for stage 1, debt and profits to funds stage 2....
Ann: Feasibility Study Update for Bunyu Graphite Project, page-61
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