Ann: Development Progress - Lindi Jumbo Mine, page-1487

Hi Gammat,

Maybe you should try to run the numbers yourself..

The valuation based on the Current Graphite basket price US$1100 per tonne is 51 cents per share. (Yellow)

Now minus all the hype (Red), the Lindi upside, 23 cents, Other properties 3 cents, Head office 3 cents and the cash balance 1 cent

Does that give you 21 cents?





21 cents is the valuation only for the lindi jumbo graphite project as detailed in the research report, without any discount applied.

These are not my figures, but it does remove all the BS hype that was added to the valuation. seriously who would add $178mil for the possible expansion of capacity and the other lemon projects along with the additional 151mil for the Lindi Jumbo project if the graphite price increases to US$1300 per tonne?

What you guys are all proving is the current share price for WKT is over-hyped, if the basket price drops due to the flake size loss or production is lower due to blending with the selective mining, or if the OPEX is significantly higher the forecast unrisked valuation of 21 cents per share will be significantly smaller/

But keep on pumping the additional $329 million upside in WKT for these unlikely scenarios. WKT cannot even build a mine within its forecast or prove it can process graphite to its forecast specifications.

Talkabout a bunch of overinvested shareholders.