Agreed, very good documentation in the annual report.
Interesting that on Page 16 the illustration shows the mining licence to be 50 years. Announcement of the SML can't be far off then and possibly it is only the formalities to go.
I also found Page 8 illustration of 'GLOBAL MONTHLY EV SALES (‘000 UNITS)' interesting in that despite the publicity it is still rising fairly strongly. Presumably mostly accounted for by China. Just not as strongly as some would have hoped or predicted - such as Lithium miners. Nevertheless, because of security and environmental, concerns the West and developed countries are hedging away from Chinese supply chains. The market for EGR's products and services will be helped by Global legislation changes as in the box on Page 9. Vertical integration is the way to go as - along the pathway being developed by AS led EGR. Those who remain fixed in upstream graphite will just be price takers - as there is no shortage of graphite per se - so the value they get will be largely linked to just the quality of their graphite, the characteristics of the resource and logistics. Fortunately, EGR rates highly on these parameters as well.
Ignore the mischief of trolls.
EGR Price at posting:
9.4¢ Sentiment: Buy Disclosure: Held
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