needs 30-40 siviour sized mines to be in operation between now...

needs 30-40 siviour sized mines to be in operation between now and 2035 to meet graphite demand according to quite a few market analysts.

So there is absolutely no risk of missing the boat. it's about being at the lower end of the cost curve and you can be profitable anytime you like. in addition, if your market cap is tiny even a small profitable operation would print money.

if bux can grow resource to 10-15mT at 16% tgc is a very solid.

as an example. You could run a 500,000T front end design plant for 65kt out the back end (give grade and recoveries) of 20Y LOM. even for 10mT. that's not even that big a plant it's just what you can do when the grade is 16% TGC

then given current news can spheronise that at 50% yield. I.e 30-35kt cspg. would be 4 times bux's market cap in revenue.

noting that recent drill holes basically already proved there is more graphite below. it effective extended the resource twice as deep so it's really likely the resource can grow. just needs the drill program. good choice to not waste money drilling out a resource if the net work wasn't sound.

There is a lot of graphite out there but only a few have done downstream spherical testing and proven material is anode amenable. this is what usually take 2years for companies to derisk. no point having lots of graphite it's it's not even amenable to the industry you'd be hoping to supply into.

at surface, high grade, low cost processing methodology and amenable to anode material. Deposit looks very good and with 5 sighter holes already extending the strike at depth looks very likely that a future drill program will delineate an upgrade MRE to underpin a feasibility study.

and that's just one of our projects

SF2TH