Ann: Development Progress - Lindi Jumbo Mine, page-1944

Hi Sparecash, are we back to name-calling?

I can understand your frustration, There is no doubt you have been researching BMI 2020 forecast margins for each existing and proposed graphite mine and discovered the independently validated research didn't consider the issues graphite mines would face once they got into production.

Bissett Crecks margins are down to ~US$450 per tonne from the forecast US$1000, SYR has no profit margin and it appears to be back into care and maintenance due to the graphite market being oversupplied. Pretty concerning times to have an IIR report released that also shows WKT forecast profit per tonnes of US$880 per tonne prior to Wogen being paid for their services.

Even at US$880 per tonne they assumed the graphite price would be higher that the current spot market, although if SYR is yet to ramp up production its doesn't give much hope that WKT will see these higher prices any time soon.

Then we have the elephant in the room, What happens if WKT sufferers the same issues with lower recovery (70%) loss of flake size (down 50%) or the issue that you mentioned only a few days ago where WKT has no customers for the 40ktpa of supply, Have you considered WKT will have to offer a discount to attract investors just to sell its forecast production?

@sirrobbo needs to have a weekly meeting to discuss these topics raised by the non holders.
If only Sirrobbo and his friends could discuss this issues on the forum rather than calling everyone a liar, we might see some great discussion rather than the typical name calling and childish remarks.