Spare Capacity, page-166

"ROM mining cost per ton unit US$3.14 x (4.4+1)=$16.95 per ton Rom /17.9%= US$94.69"

hi Croc, that is your calculation for WKT, which is moving 100% more material than the other company whose mining cost is expected to be US$112 per tonne.

Please explain how you expect to move twice the material for less?

You only need to look at SYR who has a similar grade to WKT with a lower strip ratio and no selective mining method. There total cost is around US$500-600 per tonne of concentrate produced (mining and processing), no doubt you still think wKT can produce graphite concentrate as per the outdated 2019 DFS @ US$349 per tonne.