Welcome to the world of graphite exploration.The sad fact is...

Welcome to the world of graphite exploration.

The sad fact is that there has already been more graphite found than will ever be used in the time left before a better battery chemistry is developed and graphite becomes redundant for that purpose. The Chinese have plenty, have mastered the art of converting it into useful products including battery anode material and can do it so cheaply that no one else can compete. Artificial graphite is now increasingly replacing natural graphite in battery anodes.

Syrah Resources in Mozambique found heaps, built one of the largest processing plants in the world then found it difficult to sell profitably, they have produced very little in the last six months. They have their Vidalia BAM plant in USA sitting idle because they cannot compete with the Chinese.

Sarytogan Graphite in Kazakhstan probably have enough to last the world for fifty years.

Twelve companies have already found graphite in Tanzania, seven of them listed on the ASX, they have all failed so far to capitalise on their discoveries because they are unable to attract finance to develop their future unprofitable mines. Walkabout Resources nearly managed the impossible last year but unfortunately went into administration and lost control of their project. There are two companies in Morogoro region alone.

Shandong Sungraf Carbon Company is in the process of developing three large mines in Tanzania with a ready market in China. How is anyone going to compete with them?

https://godmwangagem.com/graphite

https://cn.linkedin.com/showcase/sungraf-brand-flake-graphite/?trk=affiliated-pages

So, looking for even more graphite is rather pointless. Even if my prognosis is incorrect, Trump bans Chinese produced graphite and a strong ex China market for natural graphite does develop it will take seven or eight years minimum until Invert Graphite are able to explore, produce a resource estimate, carry out a PFS, then a DFS, get their product qualified, find customers, arrange finance and enter the market at the end of the queue. Do shareholders have the patience for that?

Surely the directors have some idea of what they are up against! What is their plan to succeed where everyone else has failed?

This is all my view only and I welcome any constructive rebuttal or any sort of positive business case.