Ann: CRL and International Graphite to create integrated business, page-6

I like the deal. I didn’t think we had the team to run Springdale. This gives us huge equity but still retain 25% of the future of Springdale, well at least the business that will run it. And certainly the new custodians have the ability to vertically integrate the mine so reality is, they’ll probably capitalise the opportunity better than we would, so our ROI wouldn’t be overly impacted.
A JV woulda been better