Hi Potchip,
I hope you are aware that BMI's highest margin graphite project has a 2% TGC grade feed,
All this talk about being a high margin project is just nonsense, its all be determined on lab scale tests and the OPEX for the mine is well below its Southern Peer who has the same grade TGC mine feed with less waste material. their OPEX is closer to US$450-500 per tonne. oh yes, and their forecast profit margin that BMI forecast to be around $500 per tonne never arrived after 4 year of mining.
Ann: Proposed issue of securities - WKT, page-61
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