repost to comply with the community forum standardsMorning...

repost to comply with the community forum standards

Morning Sparecash,

I told you to look into CIF, That will clear up the DFS pricing myth you are spruiking.

Mike should have stopped tweeting once WKT produced its first graphite concentrate,

Instead of seeing the money shots of the growing stockpile of graphite concentrate, and additional movements of graphite concentrate or the first load of graphite being loaded onto the ship, we are seeing these stocking fillers of further commissioning, workplace safety, images of the displaces of the control room. These shots have no impact on the SP.

You only need to look at the Mike's tweets from the 12th of June


The bag of large flake graphite is being sampled for testing in the #LindiJumbo lab. The lab tests for TGC%, Moisture & PSD. Once lab results are recorded, in spec product is moved to the loadout section. Most bags are now in spec.


Mike Elliott@MikeonMining·Jun 12
The resultant bag of large flake #graphite. I believe that was the 9th bag of #LindiJumbo large flake for that day.

This is why I think Mike should have stopped tweeting once WKT declared its first production. these two tweets don't paint a great picture of the output from the mine, The first tweet advises most bags are now in spec, which could be as low as 5 out of 9 bags. and the second post declaring the production is only 9 bags for that day is a fraction of the expected output of 110 bags per day as detailed in the tweet from the 27 of May (below).




Mike Elliott@MikeonMining·May 27
Paul our Chief Commercial Officer & Elliott our Chief Metalligist celebrating the first 1t bag of #LindiJumbo #graphite earlier in the month. Focus remains on throughput & getting 110 of these filled every day.@WalkaboutRes


I am looking forward to seeing if we have any graphite sales in the June QTR, as you all know Wogen is meant to make the payments once the graphite has been loaded. Let's hope those long delays WKT suffered with the construction of the mine, are no longer an issue with exporting graphite. We will also see the number of shipments WKT has completed in the QTR to kill all arguments/speculation on the mine's output and if they are achieving close to the DFS pricing as detailed by Mike in his recent presentation.