FYI Spid81 Syrah’s recovery rate has pushed it to almost 80%. A long way from your 71. You close out with a significant decline in graphite prices yet fail to address the fact graphite prices are way higher than when Lindi produced its 2019 DFS. In future when making such claims please support your findings with actual numbers and not just your opinions. Everyone knows graphite prices have risen over the past four years and supply shortages have already started to kick in.
Ann: First Drawdown Senior Debt Facility, page-80
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