Ann: Development Progress - Lindi Jumbo Mine, page-1775

Hi Sparecash.

Plenty of reasons to sell, just as BMCG who were WKT's equity provider and Advisors to WKT's last Capital Raising.

There is plenty of risk with commissioning and achieving the retention of flake size.

The following table from the IIR report is a perfect example.



The Graphite price is currently at the red line, if WKT suffers a flake size loss that will reduce the average graphite price WKT will achieve and suffer only a 10% blowout in OPEX. the valuation per share is only 6.6 cents per share ( ~50% reduction from current prices) or if they suffer flake loss and a 20% increase in opex. the valuation per share is only 4.6 cents.

anyway, I love your cherry-picking of information from the IIR report, you all claim the accuracy of the valuations, yet you don't mention the following.

"We have modelled the construction period and expenditure on the actual figures, with this starting in 2022, and with staged commissioning now having commenced, and expected to be completed by the end of Q1, CY2024." IIR expects the commissioning to continue for another 2-3 months. Which confirms the June Timeline was optimistic and the target to first production has blown out by 50%.